This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
A business impactanalysis then predicts the potential disruption from each type of risk to your continued ability to do business. I want to discuss the three key areas of risk from an IT perspective that all leaders should be assessing and managing in their business impactanalysis plan. Business ImpactAnalysis.
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.
In part one of this five-part mini-series, we covered business resilience and highlighted three aspects of resilience on which an organization has the most control. Let’s cover the first one of these: operational resilience. What Is Operational Resilience? It is narrower in scope than business resilience.
Let’s explore the significance of business continuity and its role in determining an organization’s resilience. Business Continuity: Beyond Just Planning Business continuity isn’t merely a contingency plan tucked away in a drawer; it’s an active, ongoing strategy.
Instructions about how to use the plan end-to-end, from activation to de-activation phases. Both Are Needed to Ensure Business Resilience. Note that the DRP can be invoked without triggering the activation of the BCP. But no BCP would have to be activated in that scenario. ? A definition of Business Resilience.
The activity of crisis management is also included under the umbrella though that tends to be treated separately.) Theoretically, the business departments are free to say anything they want in terms of how quickly the business functions need to be brought back online in order to keep the impact of a disruption within acceptable levels.
These are the measures we can implement to reduce the risk at our organizations, increasing our resilience, and making us better prepared to deal with disruptions. These are also the controls that deliver the most bang for the buck in terms of increased resilience for dollars spent. Business ImpactAnalysis.
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. A sound BIA is a prerequisite of any company that wants to attain true resilience. accounts payable, payroll) and activities (running reports, uploading data).
As we look ahead at 2024 and the years following, how can we navigate these cha lle nges, find opportunities, and emerge more resilient? Interrelated d isruptions: Efficiency in c omplexity The continuous rise of global uncertainties – from geopolitical tensions to extreme weather events – stands as a formidable challenge for organizations.
Organizations now have to contend with a heightened risk of drought, flooding, heat waves, wildfires, hurricanes, political unrest, global conflict, cyberattack, power outages, active shooters, supply chain disruptions, pandemic, social-media impacts, and all the rest. Operational resilience.
We will discuss risk management, the critical importance of business impactanalysis (BIA) , and the essential steps involved in a thorough risk assessment. Changes at any level—affecting either business strategy or environment—trigger activities across all stages and establish a new baseline.
The conclusion was that to be successful and effective, Business Continuity Planning must be an organization-wide activity. So why is it so darn hard to engage an Information Technology (IT) organization (internal or external) in any business continuity planning activities? It’s happening everywhere! Is this where the disconnect is?
The conclusion was that to be successful and effective, Business Continuity Planning must be an organization-wide activity. So why is it so darn hard to engage an Information Technology (IT) organization (internal or external) in any business continuity planning activities? . It’s happening everywhere! Is this where the disconnect is?
The most resilient organizations are those adopting flexible, integrated approaches that can adapt to new requirements with minimal disruption. This centralization allows for impactanalysis when requirements change and supports advanced analytics to identify control weaknesses before they lead to failures.
BCM Program audits are typically executed to evaluate an organization’s resilience maturity, but they can also be focused on specific program areas, such as the Business Continuity Plan, training programs, or the IT Disaster Recovery Plan. regulation, best industry practices, most recent Business ImpactAnalysis , etc.).
BCM Program audits are typically executed to evaluate an organization’s resilience maturity, but they can also be focused on specific program areas, such as the Business Continuity Plan, training programs, or the IT Disaster Recovery Plan. regulation, best industry practices, most recent Business ImpactAnalysis , etc.).
We at MHA are happy to participate in these types of conversations and activities. Step 5: Perform a BIA The business impactanalysis tells you which of your business processes are most critically time sensitive. BC strategy development is not a “one and done” activity.
This statement is quite a mouthful, but it boils down to the identification of organizational threats, managing their impacts and building response strategies to protect key resources. The BCM program contains three distinctive implementation phases and its activities are outlined in the table below. IT Organization challenges.
Risk assessment, business impactanalysis (BIA), and service level agreement (SLAs) are indispensable to the development and implementation of business continuity and disaster recovery (BCDR) plans. Differentiating Between Risk Assessment (RA) and Business ImpactAnalysis (BIA). What Is a Business ImpactAnalysis?
During the planning process, a Business ImpactAnalysis analyzes and outlines business requirements. The connectivity diversity will be a key for organizational resiliency capabilities. Plans Testing and Exercising – One of the favourite Business Continuity Planning activities are testing and exercising efforts.
Every year, risk and resilience professionals encounter new regulatory requirements, global threats, and executive mandates. Resilience teams report spending more than 40 hours each year updating documentation or training their user base. Solutions Customer Summit Series. Resources, however, tend to stay consistent.
In short, you need a resilient architecture that lets you recover quickly. This includes incident response planning, analysis, mitigation, and communication. Recover Plan for resilience and timely restoration of capabilities or services that were impaired due to a cybersecurity incident. The implications of NIST 2.0
and the Future Landscape of Business Continuity’, where I discussed methodology changes outlined in the GPG 7.0 , focusing on resilience, cyber threats, AI, and the future of business continuity as a profession. I delivered a presentation titled ‘Innovations and Trends: A Close Look at the BCI’s GPG 7.0
That’s what we chatted about recently in episode two of season two of our podcast, “Business Interrupted ,” with Shane Mathew , senior manager of business resilience at Zoom , where our focus wasn’t on perfecting programs, but developing ones that have a stickiness factor for operational resilience. The Resilience Program Reboot Cycle.
The implementation of the BCM Program might require the involvement of consultants in function/process or process documentation, which could be outside of the typical BCM program implementation process activities.
The implementation of the BCM Program might require the involvement of consultants in function/process or process documentation, which could be outside of the typical BCM program implementation process activities. Business ImpactAnalysis. Resources and implementation approach. Business Continuity Management. 22 Articles.
Each segment of the organization identifies critical processes, applications, resources, personnel, and recovery timeframes (through a business impactanalysis (BIA)). Resilience And Planning BC and DR work to make the organization resilient. Not every problem affects the entire organization — at least not at first.
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%.
In times of crisis, a comprehensive business continuity plan ensures that every facet of the organization is resilient. A well-rounded plan addresses a spectrum of potential disruptions, ensuring resilience in a wide variety of situations that can cause disruptions. Myth 2: Business Continuity Plans Are Only for Large Enterprises.
All of this is making things very difficult for businesses that are trying to address their organizational resilience challenges and increase their business continuity maturity levels. Organizational resilience is a discipline, and there is no single approach to improve it or enhance it. What could go wrong?
All of this is making things very difficult for businesses that are trying to address their organizational resilience challenges and increase their business continuity maturity levels. Organizational resilience is a discipline, and there is no single approach to improve it or enhance it. Business Continuity is not a backup.
Business Continuity as part of an overall Operational Resilience program is the mitigation of risk. However, Enterprise Risk Management, especially in large businesses can be focused either on the macro scale and / or miss localized impacts for satellite operations. It is a collection of good management practices linked together.
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. S1E10 - Business Resilience. Roswitha and Skip discuss Business Continuity versus Disaster Recovery versus Business Resiliency.
Overview of the BCMMETRICS Software Suite The BCMMETRICS software suite was designed by myself, based on my 25 years experience as a business continuity consultant helping organizations of all types and sizes become more resilient. Helps in conducting the business impactanalysis. BIA On-Demand (BIAOD).
How to prepare for a NIST Audit: Checklist What is a security impactanalysis? Detect: Define the appropriate activities to identify the occurrence of a cybersecurity event. Recover: Identify activities to restore any capabilities or services impaired due to a cybersecurity incident.
How to prepare for a NIST Audit: Checklist What is a security impactanalysis? Detect: Define the appropriate activities to identify the occurrence of a cybersecurity event. Recover: Identify activities to restore any capabilities or services impaired due to a cybersecurity incident.
Air travel may be affected by volcanic activity, severe storms, or even tsunami. Taking Control of Your Operational Resilience The first, most important thing you need to do now to prepare your organization for weather disasters is to fully commit to operational resilience for your company.
There is also a requisite for additional analyses of a department’s activities, which are not in the ‘traditional’ requirements of developing a BIA. Within the book, there was an emphasis on providing value and improvement to the organisation’s resilience, by carrying out business continuity, instead of making it all about compliance.
There is also a requisite for additional analyses of a department’s activities, which are not in the ‘traditional’ requirements of developing a BIA. Within the book, there was an emphasis on providing value and improvement to the organisation’s resilience, by carrying out business continuity, instead of making it all about compliance.
Understanding Hybrid Cloud for Disaster Recovery Hybrid cloud DR leverages the best of both worlds: the control and customization of private cloud or on-premise systems combined with the scalability and resilience of public cloud platforms like AWS, Microsoft Azure, and Google Cloud Platform (GCP).
The list here might also be useful for a business continuity manager to use as a checklist for discussing backups with their IT department to understand what level of IT resilience is in place. In talking to James, the single most important part of your IT system which should always be backed up is your active directory.
Regardless of their nature, weather-related events that cause havoc in our communities, pandemics that can wipe us out, or cyber-related incidents that can potentially shut-down our technology, these events require us to be more resilient. Why did we write this guide?
We organize all of the trending information in your field so you don't have to. Join 25,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content