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A recent survey of CIOs shows that nearly all of them are aware of the threats coming down the pike – but far fewer of them are using the resilience and mitigation tools that would help them survive. The post Survey: CIOs Know Their Risks – But Not BusinessContinuity appeared first on DRI Drive.
This post is part of BCM Basics, a series of occasional, entry-level blogs on some of the key concepts in businesscontinuity management. The terms businesscontinuity and business resilience are superficially similar and a world apart.
This post is part of BCM Basics, a series of occasional, entry-level blogs on some of the key concepts in businesscontinuity management. For businesscontinuity newcomers, few topics are as confusing as the difference between businesscontinuity and IT disaster recovery. Let’s go over them.
Knowing what roles should be represented on the businesscontinuity management (BCM) team and what kind of people should fill them is an overlooked key to success in making organizations resilient. The roles that should be represented on a company’s BCM team change over time depending on the maturity of the program.
The businesscontinuity management roadmap is a simple but powerful tool that can help organizations strengthen their BCM programs and enhance their resilience. In today’s post, we’ll lay out an eight-step process your company can use to create its own, customized BCM roadmap. This is what a BCM roadmap is and does.
At a high level, it may seem natural to use the terms businesscontinuity management and enterprise risk management interchangeably. While there are some congruences between them, there are some unique distinctions that separate the two, and in many regards, they’re actually completely different business functions. LEARN MORE.
In today’s post we’ll look at the top 10 free or almost free resources businesscontinuity management professionals can utilize to help them raise their BCM skills and effectiveness to ninja level. However, there is one aspect of doing BCM that is much better and easier than it was when I was getting started 25 years ago.
This post is part of BCM Basics, a series of occasional, entry-level blogs on some of the key concepts in businesscontinuity management. If you spend any … The post BCM Basics: Inherent Risk vs. Residual Risk appeared first on MHA Consulting. by Richard Long.
Many organizations struggle with establishing a sound businesscontinuity strategy, a foundational aspect of a strong BC program. Follow these seven steps to implement a BC strategy that can help you swiftly recover your business processes in the event of an outage. BusinessContinuity Manager. Team Member(s).
Read on for a list of a dozen businesscontinuity practices that have fallen into disuse or are no longer recommended. Related on MHA Consulting: All About BIAs: A Guide to MHA Consulting’s Best BIA Resources The past twenty-five years have seen a lot of changes in the world especially as pertains to business.
Risk mitigation controls are the measures we take to reduce the risks our organizations face in carrying out their operations. Related on MHA Consulting: The Ultimate Guide to Residual Risk Risk Mitigation Controls Explained Businesscontinuity is all about reducing risk. Third-Party Supplier Risk Mitigation.
The same thing is true of organizations and businesscontinuity professionals. Right now, the pace of change in the broader society is as fast as I’ve ever seen it, and that looks to continue for the foreseeable future. I’ll explain what that is at the end. Operational resilience. These concepts remain as valid as ever.,
Many companies spend millions of dollars implementing risk mitigation controls but are kept from getting their money’s worth by a disconnected, piecemeal approach. Successful risk mitigation requires that a central authority supervise controls following a coherent strategy. Related on MHA Consulting: Global Turmoil Making You Ill?
More simply, the job of the risk manager is to identify, prioritize, and mitigate the risks faced by the organization. Risk Management and BusinessContinuity The relationship of the risk management department and the businesscontinuity office varies by organization. Knowledge of how to mitigate risks.
This post is part of BCM Basics, a series of occasional, entry-level blogs on some of the key concepts in businesscontinuity management. The strategic side of CM refers to preparations and mitigations the organization should put in place ahead of time to strengthen its crisis response capability.
Businesscontinuity professionals can help their organizations raise their data protection game by acting as educators, advocates, and brokers on this issue between the business departments and IT. The post Data Guardians: The BCM Pro’s Role in Helping Business Units Protect Their Data appeared first on BCMMETRICS.
An emerging hot topic in businesscontinuity and risk management is the software known as a risk management information system (RMIS). An RMIS can help an organization identify, assess, monitor, and mitigate risks, but often they merely seduce and distract companies that are not in a position to make proper use of them.
Reducing risk is at the heart of everything we do as businesscontinuity professionals. Residual Risk There are two main kinds of risk when it comes to organizational activities and businesscontinuity: inherent risk and residual risk. Inherent risk is the danger intrinsic to any business activity or operation.
In today’s post, we’ll lay out what these domains are, reveal which ones tend to get overlooked, and explain how knowing about the domains can help businesscontinuity professionals reduce their organizations’ risks and bolster their resilience. Exactly what those domains are will be detailed in a moment.
As such, these evolving work environments have created new challenges for businesscontinuity, including new and evolving risks for resilience management. So, how do you mature your businesscontinuity program alongside these work environment changes? The goal here is more than just risk identification. DOWNLOAD NOW.
I have not always worked for a businesscontinuity software vendor, although sometimes it seems that way. When I took the reins of the CIO, I had to see out a BCM solution to replace the substantial numbers of spreadsheets and documents centered on resiliency. They are always looking for a way to justify a BCM solution.
But as their companies grow, business owners can and should start becoming more proactive about mitigating risk. As a businesscontinuity consultant, I dislike risk and spend half my time trying to get my clients to reduce their risks. Business owners should identify their technology gaps and vulnerabilities.
Vulnerability management is the practice of identifying and mitigating the weaknesses in an organization’s people, processes, and technology. Then we work with the client on devising a plan to mitigate those weaknesses—and do all we can to get them to follow through on the plan (otherwise, what’s the point?). Don’t be that guy.
Risk transference is one of the four main strategies organizations can use to mitigate risk. There are four main strategies for mitigating risk : · Risk acceptance: Making a conscious decision to remain vulnerable to a potential harm, usually based on a cost-benefit analysis. Related on MHA Consulting: Global Turmoil Making You Ill?
This bulletin week Charlie talks about the importance of senior manager buy-in within businesscontinuity. In my last job before PlanB Consulting and BusinessContinuity Training, I was working for a consultancy in Perth. He always told me that businesscontinuity was the easiest sale he had ever had to make.
This bulletin week Charlie talks about the importance of senior manager buy-in within businesscontinuity. In my last job before PlanB Consulting and BusinessContinuity Training, I was working for a consultancy in Perth. He always told me that businesscontinuity was the easiest sale he had ever had to make.
Related on MHA Consulting: All About BIAs: A Guide to MHA Consulting’s Best BIA Resources The BIA Is the Cornerstone As every businesscontinuity (BC) professional knows, the BIA is the cornerstone of a sound BC program. Ensure that your data is in standard terms across departments so it can be legitimately compared.
Related on MHA Consulting: Driving Blind: The Problem with Skipping the Threat and Risk Assessment The Need for Threat Intelligence Traditional businesscontinuity methodology leans heavily on the threat and risk assessment or TRA, in which the organization identifies potential threats and ranks them in terms of likelihood and potential impact.
The best way to do this is by making sure businesscontinuity is integrated into a robust information security governance framework. These polices are to ensure that devices are patched appropriately and that mitigations are implemented if the devices can’t be patched (due to age, for example). Patching polices and oversight.
Following his recent bulletin on why he thinks the businesscontinuity profession is in decline, Charlie looks at why he does not think resilience is the solution. A couple of weeks ago, I wrote a bulletin on why I think the businesscontinuity profession is in decline.
Following his recent bulletin on why he thinks the businesscontinuity profession is in decline, Charlie looks at why he does not think resilience is the solution. A couple of weeks ago, I wrote a bulletin on why I think the businesscontinuity profession is in decline.
Debunking the Myths of BusinessContinuity Unlocking the Truth: Navigating 20 Myths About BusinessContinuity Introduction: In the dynamic landscape of modern business, the importance of businesscontinuity cannot be overstated. Myth 2: BusinessContinuity Plans Are Only for Large Enterprises.
Businesscontinuity professionals who want to make their organizations more resilient should make a conscious effort to become gap hunters. Despite elaborate businesscontinuity programs, many organizations still harbor vulnerabilities due to unidentified gaps that can bring critical processes to a standstill.
In today’s bulletin, Charlie discusses his thoughts on the industry that is businesscontinuity and how he believes COVID has negatively impacted it. Nothing particular in the news piqued my interest this week, therefore, I decided to give my thoughts on ‘Is BusinessContinuity One of the Victims of COVID?’.
In today’s bulletin, Charlie discusses his thoughts on the industry that is businesscontinuity and how he believes COVID has negatively impacted it. Nothing particular in the news piqued my interest this week, therefore, I decided to give my thoughts on ‘Is BusinessContinuity One of the Victims of COVID?’.
In businesscontinuity, testing of all types can lay claim to a rare distinction: it is simultaneously one of the most important parts of any program, and one of the most neglected. They can benefit organizations by helping keep the recovery team personnel sharp and making businesscontinuity part of the organization’s culture.
In businesscontinuity, testing of all types can lay claim to a rare distinction: it is simultaneously one of the most important parts of any program, and one of the most neglected. They can benefit organizations by helping keep the recovery team personnel sharp and making businesscontinuity part of the organization’s culture.
Within BusinessContinuity circles there is ongoing debate about the relevance and role of Risk Assessment in developing a BCM program. Once risks have been assessed, strategies can be developed to mitigate or reduce their potential impact on our operations. This is the risk mitigation approach in a nut-shell.
Related on MHA Consulting: Risk Assessment: The Best Way to Identify Your Biggest Threats Weird Weather and BCM The past twenty years have seen a dramatic increase in the number of extreme weather events worldwide. Assessing the natural threats facing the organization has been a cornerstone of BCM all along.
Following his recent bulletins about whether businesscontinuity is in decline and why resilience is not the solution, this week Charlie looks at how BC managers can save the profession. So, for our businesscontinuity managers there are lots of threats to plan for, mitigate and prepare the organisation’s response to.
May 18, 2021 – Infinite Blue , a leading provider of businesscontinuity/disaster recovery planning and response management software, today announced it has been recognized by Forrester as a Strong Performer in the May 2021 The Forrester Wave™: BusinessContinuity Management (BCM) Software, Q2 2021 report.
MHA Consulting, a proven leader in BusinessContinuity Planning and Disaster Recovery Planning, is thrilled to announce the continuation of its longstanding partnership with a prominent not-for-profit healthcare system operating medical centers, critical access hospitals, and medical clinics in Washington, Oregon, and Alaska.
What is a Business Impact Analysis (BIA)? The Business Impact Analysis (BIA) is a cornerstone of the BusinessContinuity Management (BCM) Program. If not executed efficiently, the organization’s stakeholders could quickly lose interest, and the BIA results could not meet your BCM Program requirements.
Related on MHA Consulting: Risk Assessment: The Best Way to Identify Your Biggest Threats Weird Weather and BCM The past twenty years have seen a dramatic increase in the number of extreme weather events worldwide. Assessing the natural threats facing the organization has been a cornerstone of BCM all along.
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