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Disaster recovery is actually a subset of an over-arching business continuity plan, something no business should be without. Business continuity entails everything you need to keep your business running during and after a disaster, whether that disaster is the sudden death of a business partner, a natural disaster, sudden equipment failure, or a manmade disaster such as a terrorist attack or simple human error
A disaster recovery plan should interface with the overall business continuity management plan, be clear and concise, focus on the key activities required to recover the critical IT services, be tested reviewed and updated on a regular basis, have an owner, and enable the recovery objectives to be met.
The most important aspects of an effective disaster recovery is planning and training, which both need to be done far ahead of the event. The planning process is more important than the plan itself.