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The Ultimate Guide to Residual Risk  

MHA Consulting

Residual Risk There are two main kinds of risk when it comes to organizational activities and business continuity: inherent risk and residual risk. Inherent risk is the danger intrinsic to any business activity or operation. Where risk tolerance is high, controls can be relaxed.

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BCM Basics: the Difference Between Business Continuity and Disaster Recovery

MHA Consulting

Defining BC and IT/DR Business continuity (BC) is informally used as an umbrella term encompassing both business continuity and IT disaster recovery. Sometimes the form business continuity management (BCM) is used. The larger point is, this is the zone where BC and IT/DR meet.

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Rehearsing Plan B: The Importance of Mastering Your Workarounds

MHA Consulting

In terms of bang for the buck, not all business continuity activities are created equal. It’s not hard to spend hundreds of hours a year doing BIAs, gap analyses, and risk assessments and developing recovery strategies and writing recovery plans. Pursued purposefully these are all worthwhile activities.

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Planning to Fail: 10 Common Mistakes Companies Make with Their BC Plans

MHA Consulting

Related on MHA Consulting: Sounds Like a Plan: The Elements of a Modern Recovery Plan Everyone reading this blog will know that the business continuity (BC) recovery plan is something organizations create to help them quickly restore their essential operations in the event of an outage, minimizing the impact on the company.

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The Human Factor: BCM Team Roles and Skill Requirements 

MHA Consulting

Legal: The legal team can provide important insight on the legal ramifications of activities performed in response to an emergency. Business continuity planning is a social activity. Business and Disaster Recovery. Extraversion. Intellectual Openness. Is the person open to trying new ideas, thoughts, or approaches?

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Tips for Managing Third-Party Risk in Health Care

Reciprocity

The pain is felt by the healthcare organization when a vendor has an outage because of ransomware or another cybersecurity intrusion. The program includes numerous activities that work together to strengthen their security posture. Vendor Due Diligence. Healthcare organizations must perform due diligence on all vendors.

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Business Continuity Guide for Smaller Organizations

Stratogrid Advisory

The BCM program contains three distinct implementation phases; its activities are outlined in the table below. The BCM program contains three distinct implementation phases; its activities are outlined in the table below. This is why Business Continuity Management (BCM) is a program and not a project.