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The Critical Role of Business ImpactAnalysis In the first part of our miniseries on risk management, we introduced the operational risk management process and outlined its different parts. This time, we are exploring one of those key parts: the business impactanalysis (BIA) process.
Everything You Need to Know About Business ContinuityPlans. Business ContinuityPlans. Chances are if you’re visiting this page, you are new to the concept of Business ContinuityPlans (BCPs) and business continuity overall. Definition of Business ContinuityPlan.
What is a Business ImpactAnalysis (BIA)? The Business ImpactAnalysis (BIA) is a cornerstone of the Business Continuity Management (BCM) Program. The BIA engagement will produce a set of findings that will be used to develop recovery strategies, Business ContinuityPlans and IT Disaster Recovery Plans.
Introduction to Business ContinuityPlanning. Business ContinuityPlanning (BCP) should be one of the top priorities for organization leaders. BCP is one of the components of the Business Continuity Management (BCM) Program which should be implemented in organizations of all sizes. and business continuityplans.
Remote Work and Business ContinuityPlanning Challenges. The work in the office going forward will be different, and in some aspects, it will introduce a new set of challenges for Business ContinuityPlanning efforts. Business ContinuityPlanning Challenges with a Distributed Workforce.
Top reasons why Business ContinuityPlanning is ignored! The business is always busy, and because of this, it comes up with a myriad of justifications for ignoring Business ContinuityPlanning efforts. Top justifications why Business ContinuityPlan is not implemented. Reading Time: 4 minutes.
You need to decide which aspects of your plan to test, what type of exercise is most appropriate and finally the scenario. Step One: Use Your Business ImpactAnalysis (BIA) Start by reviewing your Business ImpactAnalysis and listing all your products, services, and critical activities in a spreadsheet.
Business ContinuityPlanning for Small and Medium-Sized Organizations Last Updated on May 31, 2020 by Alex Jankovic Reading Time: 4 minutes Readers note: Please check our recently published high-level Business ContinuityPlanning guide. Business ContinuityPlan , IT Disaster Recovery Plan , Crisis Management Plan, etc.),
Business ContinuityPlanning for Small and Medium-Sized Organizations. Readers note: Please check our recently published high-level Business ContinuityPlanning guide. . have unique challenges not generally understood by larger Business Continuity Advisory firms. Business Continuity Management. 22 Articles.
This article will address the importance of the Risk Assessment as a general business tool, as well as in the context of Business ContinuityPlanning. Unsurprisingly, a Risk Assessment is one of the most important components of Business ContinuityPlanning (BCP).
This article will address the importance of the Risk Assessment as a general business tool, as well as in the context of Business ContinuityPlanning. Unsurprisingly, a Risk Assessment is one of the most important components of Business ContinuityPlanning (BCP). Business Continuity Management. 18 Articles.
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 ContinuityPlanning 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 ContinuityPlanning must be an organization-wide activity. Last Updated on June 15, 2020 by Alex Jankovic.
Last Updated on May 31, 2020 by Alex Jankovic Reading Time: 4 minutes Organizational culture is an often-overlooked factor in the long-term viability of Business Continuity Management (BCM) Programs. So, what are some considerations when it comes to the integration of organizational culture and Business ContinuityPlanning efforts?
Organizational culture is an often-overlooked factor in the long-term viability of Business Continuity Management (BCM) Programs. Many organizations understand the importance of Business ContinuityPlanning processes, such as Risks Assessment or a Business ImpactAnalysis (BIA). Let's talk about governance.
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 ContinuityPlan, 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 ContinuityPlan, training programs, or the IT Disaster Recovery Plan. regulation, best industry practices, most recent Business ImpactAnalysis , etc.).
Readers Note: This article was originally published in December of 2019 and before unprecedented COVID-19 Pandemic of 2020. There are ten predictions in the report, but this article will explore 5 with the highest impacts. Supply chain disruptions are nothing new, and any Business ContinuityPlans will undoubtedly consider them.
The common elements between the two businesses are a well-communicated business strategy, pro-active managers, and a lack of an established business continuityplan. Inclusion of business continuity into business strategies would ensure any employee could perform appropriate actions to maintain business operations.
The common elements between the two businesses are a well-communicated business strategy, pro-active managers, and a lack of an established business continuityplan. Inclusion of business continuity into business strategies would ensure any employee could perform appropriate actions to maintain business operations.
Last Updated on May 31, 2020 by Alex Jankovic Reading Time: 3 minutes When asked about their organization’s IT Disaster Recovery (ITDR) plans, some will smile and say, “Yes, we have a backup and it is fully outsourced.” This step is where the idea of having a backup often gives organizations a false sense of security.
When asked about their organization’s IT Disaster Recovery (ITDR) plans, some will smile and say, “Yes, we have a backup and it is fully outsourced.” This type of response will set off a few red flags with the Business Continuity Planners, but many organizations do not understand why it is so problematic. 17 Articles.
StratoGrid Advisory is a Business Continuity Management (BCM) Advisory firm in the Ottawa/Gatineau region that can provide you with the experience and knowledge needed to successfully implement a BCM Program in your organization. Business Continuity Management. 18 Articles. 6 Articles. Business ContinuityPlanning.
Have you tried to search for the terms “Business Continuity” or “ Business ContinuityPlanning ” on Google or Bing search engines recently? Once you skip over a few Google ads and relevant, but not local, articles (e.g. Business Continuity is not a data backup. Business Continuity is not a data backup.
Have you tried to search for the terms “Business Continuity” or “ Business ContinuityPlanning ” on Google or Bing search engines recently? Once you skip over a few Google ads and relevant, but not local, articles (e.g. Business Continuity is not a backup. Business Continuity is not a data backup.
The day after the storm I heard from one of our clients, who gleefully told us that he was using his business continuityplan. The first day he sent all staff home but on the second day he set up an office in the local hotel, as per his plan. This is living proof that business continuity does work! For a while at least!
The day after the storm I heard from one of our clients, who gleefully told us that he was using his business continuityplan. The first day he sent all staff home but on the second day he set up an office in the local hotel, as per his plan. This is living proof that business continuity does work! For a while at least!
If there is an existing Enterprise Risk Management framework in the organization, can you use that in your Business ContinuityPlanning? Or, should you create a new Risk Register and new Risk Assessments for each department inside the Business ContinuityPlan? Putting a list of risks inside doesn’t bring any value.
A Brief Guide to Business Continuity and Disaster Recovery. Description: This course will outline the differences between a business continuityplan and a disaster recovery plan, how to identify risks or threats, how downtime can impact an organization, and how to mitigate that downtime. GO TO TRAINING.
Business ImpactAnalysis. Business Continuity Strategies. Plan Development and Implementation. Business ContinuityPlan Exercises, Assessment, and Maintenance. This allows for businesses that have robust business continuity programs in place to increase their pricing as well. Risk Assessment.
Read our article about it here. Is your network configured in a way that your business would continue to thrive? Business Continuityplanning is a must when it comes to your network. Read more about business continuity here. Have questions about the benefits of Teams?
Was this a failure of business continuity or procurement? As business continuity managers, we should have done our key supplier analysis. In the BIA (Business ImpactAnalysis), we have a strategy in place for mitigating this risk and so does this mean we are not vulnerable to the loss of supply?
Much of the mental effort and the time of business continuity goes into the Business ImpactAnalysis (BIA). Many organisations that didn’t have business continuityplans made up their response as they went along and still survived. They wanted all activities back NOW and at 100%.
Was this a failure of business continuity or procurement? As business continuity managers, we should have done our key supplier analysis. In the BIA (Business ImpactAnalysis), we have a strategy in place for mitigating this risk and so does this mean we are not vulnerable to the loss of supply?
Was this a failure of business continuity or procurement? As business continuity managers, we should have done our key supplier analysis. In the BIA (Business ImpactAnalysis), we have a strategy in place for mitigating this risk and so does this mean we are not vulnerable to the loss of supply?
Why the Business ImpactAnalysis is Challenging for an Organization with Constant Changes Last Updated on May 31, 2020 by Alex Jankovic Reading Time: 3 minutes In a Business Continuity Management (BCM) Program , there are specific professional practices that must be adhered to.
Why the Business ImpactAnalysis is Challenging for an Organization with Constant Changes. In a Business Continuity Management (BCM) Program , there are specific professional practices that must be adhered to. Assess the resources required to support the business impactanalysis process. 15 Articles.
To help your organization better understand how BCM works and ways to implement such systems, in the following article, we will discuss what it is, why to use it, and best practice strategies. Always keep detailed evaluations but don’t waste time or cost on collecting metrics that do not contribute to your continuity and recovery.
To help your organization better understand how BCM works and ways to implement such systems, in the following article, we will discuss what it is, why to use it, and best practice strategies. Always keep detailed evaluations but don’t waste time or cost on collecting metrics that do not contribute to your continuity and recovery.
Is Business ContinuityPlanning Dead? Last Updated on May 31, 2020 by Alex Jankovic Reading Time: 3 minutes The death of the business continuityplanning and profession has been predicted quite a few times over the last decade. However, this does not mean that the field of business continuityplanning is perfect.
Is Business ContinuityPlanning Dead? The death of the business continuityplanning and profession has been predicted quite a few times over the last decade. The truth is that business continuityplanning will likely never die. Not really! Last Updated on May 31, 2020 by Alex Jankovic. Lack of Innovation.
Business ContinuityPlanning Guide for Smaller Organizations Last Updated on June 4, 2020 by Alex Jankovic Reading Time: 26 minutes We all live in an unpredictable world. We recognize that many business continuityplanning terms and industry-leading methodologies can be foreign to your organization.
Business ContinuityPlanning Guide for Smaller Organizations. We recognize that many business continuityplanning terms and industry-leading methodologies can be foreign to your organization. It can be overwhelming if your organization has never implemented a robust business continuity program. ARTICLE SECTIONS.
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