Remove Alternate Site Remove Business Recovery Remove Hazard
article thumbnail

What is a Business Impact Analysis (BIA)?

Stratogrid Advisory

The Risk Assessment can be completed by using a traditional Operational Risk Management (ORM) methodology, or an All-Hazards Risk Assessment (AHRA) approach. Availability of Standard Operating Procedures (SOPs) and manual workaround procedures for businesses processes.

article thumbnail

Everything You Need to Know About Business Continuity Plans

Erwood Group

These sections can be created logically such as Operations, Finance, or broken into business recovery areas. Business Continuity Plan Governance. Though some businesses develop plans based on a specific scenario or utilize scenario-based planning contingencies, it is best to set a scope a step above these scenarios.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Business Continuity Guide for Smaller Organizations

Stratogrid Advisory

Risk Methodology The Risk Assessment can be completed by using a traditional Operational Risk Management (ORM) methodology (for larger organizati ons), or an All-Hazards Risk Assessment (AHRA) approach. The internal recovery plans of vendors and service providers must be taken into consideration.

article thumbnail

Business Continuity Guide for Smaller Organizations

Stratogrid Advisory

The Risk Assessment can be completed by using a traditional Operational Risk Management (ORM) methodology (for larger organizati ons), or an All-Hazards Risk Assessment (AHRA) approach. recovery priority of business functions, processes and IT applications. alternate site and technology requirements (ability to work remotely).