With the integration of IT with business operations and management, organizations are vulnerable to a myriad of threats ranging from computer viruses to natural disasters and deliberate acts of sabotage. Consequently, IT disaster recovery has emerged as a critical organizational issue. This paper proposes an application portfolio-based framework for IT disaster recovery planning based on the role of IT and the consequence of IT disaster. The findings and recommendations of the paper are based on interviews with disaster recovery experts and senior IT professionals and a case study.