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First and foremost, those organisations who use business continuity as a ‘tick box exercise’, or as a requirement from their insurance company need to start truly embedding Business Continuity into business-as-usual activities as soon as possible. Finally, there is the gold fashioned risk assessment.
Enterprise Risk Management is the activity of identifying and mitigating the hazards that threaten an organization (definition from Strong Language: The MHA Glossary of Essential Business Continuity Terminology , available for free download with registration). ERM provides a framework for doing this in a systematic, results-oriented fashion.
This was done for every activity and served as a key justification for the cost and effort in rolling out business continuity. This has now fallen out of fashion and I have not seen anyone using it recently. The current industry fashion is for BIAs to get leaner and less precise.
This was done for every activity and served as a key justification for the cost and effort in rolling out business continuity. This has now fallen out of fashion and I have not seen anyone using it recently. The current industry fashion is for BIAs to get leaner and less precise. Comments: Chris Green FBCI MSc.
However, risk management is an umbrella term that accounts for a number of more granular activities. Let’s examine risk management as the sum of the following parts: Enterprise Risk Management (ERM) : Effectively assessing , mitigating and monitoring activities as you uncover critical risks across your entire enterprise.
Plan Activation. Insurance Contact Information. Recovery Team Activation. This should also outline the specific activities of the plan including: Detailing the departments and/or functional areas the plan covers and calling out the specific supporting processes that role up into the function. Plan Activation.
What are the ways in which you meet specific requirements for protecting business travelers, including security training and preparation, kidnap and ransom insurance, and evacuation protocols? We have a wealth of experience in successfully extracting travelers from scenes of crisis, outbreak of war, or other life-threatening incidents.
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