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This post is part of BCM Basics, a series of occasional, entry-level blogs on some of the key concepts in business continuity management. Sometimes the form business continuity management (BCM) is used. The activity of crisis management is also included under the umbrella though that tends to be treated separately.)
What is a Business ImpactAnalysis (BIA)? The Business ImpactAnalysis (BIA) is a cornerstone of the Business Continuity Management (BCM) Program. A properly executed BIA will reduce overall operational and financial impacts, reduce potential losses and enhance the business operations of your organization.
Related on MHA Consulting: Roll with the Changes: A New Generation Requires a New Approach to BCM It is comforting to think that if we master one set of marketable skills, we’ll be able to make a living from them for the rest of our careers; however, recent history shows that option is no longer available (if it ever was).
Business Continuity: Beyond Just Planning Business continuity isn’t merely a contingency plan tucked away in a drawer; it’s an active, ongoing strategy. ImpactAnalysis : Understanding the implications of threats facilitates better preparation. Take the many examples of ransomware attacks that hit global companies.
Not another BCM Program audit? Last Updated on May 31, 2020 by Alex Jankovic Reading Time: 4 minutes Another Business Continuity Management (BCM) Program audit. The second phase of an audit must include an analysis of the information as well as a gap assessment against pre-determined criteria (e.g.
Not another BCM Program audit? Another Business Continuity Management (BCM) Program audit. BCM Program Audits. The second phase of an audit must include an analysis of the information as well as a gap assessment against pre-determined criteria (e.g. When to do an audit of your BCM Program. Reading Time: 4 minutes.
Related on MHA Consulting: BCM Basics: Modern IT/DR Strategies The Benefits of a Sound Business Continuity Strategy A solid BC strategy is a fundamental component of a functional BC program. We at MHA are happy to participate in these types of conversations and activities. The individual responsible for supporting the BCM team.
Well-chosen BCM software can help a continuity program be more nimble and effective. It is also a pretty good depiction of how business continuity management (BCM) programs need to be these days if they are to successfully protect their organizations from the unprecedented number of threats in the environment. Lifecycle parameters.
In one recent engagement, MHA was tasked with picking up the pieces after a Business ImpactAnalysis (BIA) conducted by another consulting firm suffered a crack-up. accounts payable, payroll) and activities (running reports, uploading data).
BCP is one of the components of the Business Continuity Management (BCM) Program which should be implemented in organizations of all sizes. The implementation of a BCM Program could be a rather complex and lengthy process, which largely depends on the organization’s size. Reading Time: 6 minutes. Regardless of the industry (e.g.
Last Updated on June 15, 2020 by Alex Jankovic Reading Time: 5 minutes In our previous articles , we outlined the reasons why the Business Continuity Management (BCM) Program is essential to your organization. The conclusion was that to be successful and effective, Business Continuity Planning must be an organization-wide activity.
In our previous articles , we outlined the reasons why the Business Continuity Management (BCM) Program is essential to your organization. The conclusion was that to be successful and effective, Business Continuity Planning must be an organization-wide activity. It’s happening everywhere! Is this where the disconnect is?
In the “ An Introduction to Business Continuity Planning ” article, we outlined the main components of the Business Continuity Management (BCM) Program and introduced the basics of Business Continuity Planning (BCP). These plans must address BCM Program requirements, including Emergency Management Procedures (e.g.
In the “ An Introduction to Business Continuity Planning ” article, we outlined the main components of the Business Continuity Management (BCM) Program and introduced the basics of Business Continuity Planning (BCP). . These plans must address BCM Program requirements, including Emergency Management Procedures (e.g.
The end goal is to enable the organization to determine the most effective use of its resources to reduce these potential impacts. Potential risks, as an example, can include cyber-attacks, natural disasters, supply chain issues, active assailant situations, or any other event that can negatively impact your organization’s operations.
The end goal is to enable the organization to determine the most effective use of its resources to reduce these potential impacts. Potential risks, as an example, can include cyber-attacks, natural disasters, supply chain issues, active assailant situations, or any other event that can negatively impact your organization’s operations.
Related on BCMMETRICS: Don’t Give Up the Ship: Demonstrating the Benefits of Rigorous Crisis Management Training Benefits That Go Beyond BC The main purpose of a business continuity management (BCM) program is to help an organization get through disruptions with the least possible impact to its operations, reputation, stakeholders, and bottom line.
Definition: A Business ImpactAnalysis (BIA) is the cornerstone of creating a BCM program. Basically, a BIA helps prioritize restoration efforts in the initial response activities following an operational disruption.
The plan should progress naturally from when an event happens, to the activation of the plan, to steps for recovery, to going back to business as usual. Business ImpactAnalysis. The strength of a recovery plan relies in part on an accurate and on-target Business ImpactAnalysis. Are we conducting BIAs regularly?
However, in most cases—and with the majority of program deliverables—the people we really need to talk to are the tactical, boots-on-the-ground folks who complete the processes and activities we’ve been hired to assess and protect.
Many business continuity planning activities revolve around procedures that do not need to change much, as the time tested approach can be applied to any organization, regardless of their industry or size. They genuinely care about what their clients’ specific needs are.
Many business continuity planning activities revolve around procedures that do not need to change much, as the time tested approach can be applied to any organization, regardless of their industry or size. BCM as a Service. Business ImpactAnalysis. They genuinely care about what their clients’ specific needs are.
During the planning process, a Business ImpactAnalysis analyzes and outlines business requirements. Plans Testing and Exercising – One of the favourite Business Continuity Planning activities are testing and exercising efforts. BCM as a Service. Business ImpactAnalysis. Business Continuity Management.
Many business management disciplines, including Business Continuity Management (BCM) and Operational Risk Management (ORM), contribute to continuous improvement and safeguards of the organization’s resources and strategic goals. Organizational resilience is a discipline, and there is no single approach to improve it or enhance it.
Many business management disciplines, including Business Continuity Management (BCM) and Operational Risk Management (ORM), contribute to continuous improvement and safeguards of the organization’s resources and strategic goals. Start with a Business Continuity Management (BCM) Program. Incident Response (Crisis, Emergency, etc.).
He writes that disaster recovery is an integral part of an organization’s BCM plan by which the organization intends to recover and restore its information technology, infrastructure and telecommunications capabilities following an incident. Note the focus is on the aspects of the business affected by the loss of technology.
Much of the mental effort and the time of business continuity goes into the Business ImpactAnalysis (BIA). When COVID came along the BIA was not used as it was irrelevant, organisations were not prepared to stagger the recovery of activities. They wanted all activities back NOW and at 100%.
Much of the mental effort and the time of business continuity goes into the Business ImpactAnalysis (BIA). When COVID came along the BIA was not used as it was irrelevant, organisations were not prepared to stagger the recovery of activities. They wanted all activities back NOW and at 100%.
These programs include regular reviews, updates, and exercises which are critical for improvement and performance when plans are activated. By minimizing disruptions and ensuring operational resilience, organizations can maintain their revenue-generating activities even during adverse conditions.
Much of the mental effort and the time of business continuity goes into the Business ImpactAnalysis (BIA). When COVID came along the BIA was not used as it was irrelevant, organisations were not prepared to stagger the recovery of activities. They wanted all activities back NOW and at 100%.
KISSBCP Podcast - Season 2 Episodes S2E12 When Things Sour Guest Paul Striedl joins Roswitha Firth to talk about how BCPs need to continue, even during times when they don't get activated. Note: if budget is your reason for veering off to Word, please take a moment to check out our Shield - Free Edition !
Once implemented, a Business Continuity Management (BCM) Program will support your organization's value statement and its mission. The implementation of a Business Continuity Management (BCM) Program can be a complicated and lengthy process, which directly depends on the organization's size and complexity.
Once implemented, a Business Continuity Management (BCM) Program will support your organization's value statement and its mission. Section 2 - Business Continuity Management (BCM) Program Implementation. Section 4 - Business ImpactAnalysis. Section 9 - BCM Program Maintenance. 4 – Business ImpactAnalysis.
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