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A comprehensive guide on BCM IT covering its importance, benefits, key components (risk assessment, business impact analysis, recovery strategies), and steps to build a resilient framework for your business. The post How BCM IT Enhances BusinessContinuity and RiskManagement appeared first on Bryghtpath.
The post Survey: CIOs Know Their Risks – But Not BusinessContinuity appeared first on DRI Drive. 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.
This post is part of BCM Basics, a series of occasional, entry-level blogs on some of the key concepts in businesscontinuitymanagement. The terms businesscontinuity and business resilience are superficially similar and a world apart.
For those with a suitable temperament and skill set, a career in riskmanagement can be rewarding due to the field’s broad scope, consequential nature, and rising prominence. In this week’s post, we’ll look at what a riskmanager does and the skills it takes to excel in this role. It’s a permanent ongoing activity.
At a high level, it may seem natural to use the terms businesscontinuitymanagement and enterprise riskmanagement 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.
In today’s post we’ll look at the top 10 free or almost free resources businesscontinuitymanagement 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 businesscontinuitymanagement. If you spend any … The post BCM Basics: Inherent Risk vs. Residual Risk appeared first on MHA Consulting. by Richard Long.
Almost every businesscontinuitymanagement program has gaps that are well-known to the BCM office but never addressed, usually because closing them would be hard. However, in many cases, tackling … The post Eat the Frog: Tackling the Tough BCM Challenges You Habitually Put Off appeared first on MHA Consulting.
This post is part of BCM Basics, a series of occasional, entry-level blogs on some of the key concepts in businesscontinuitymanagement. . Data is a critical asset for almost … The post BCM Basics: The BC Professional’s Role in Data Protection appeared first on MHA Consulting.
As a practical activity, enterprise riskmanagement (ERM) centers on eight distinct risk domains, some strategic and some operational. With respect to this process, the total landscape of risk that is assessed and mitigated can be divided into eight risk domains. Riskmanagement is not one-size-fits all.
Explore the strategic implications of BCM versus ERM in our comprehensive guide, highlighting their roles in riskmanagement and businesscontinuity. The post BCM versus ERM: A Guide for Strategic RiskManagement appeared first on Bryghtpath.
An emerging hot topic in businesscontinuity and riskmanagement is the software known as a riskmanagement information system (RMIS). For those for whom this is a new acronym, RMIS stands for riskmanagement information system. Key features of an RMIS typically include: Risk Identification.
Here is an irony for you: at many organizations, the businesscontinuity office is often the last to know when something happens that threatens to disrupt the business. The post Out of the Loop: When the BCM Office is the Last to Know appeared first on BCMMETRICS. What’s Wrong With This Picture? […].
Many service providers tune out talk about supply chain riskmanagement since they think the issue only affects manufacturers and retailers. In fact, service providers are also vulnerable to vendor … The post What Service Providers Need to Know About Supply Chain RiskManagement appeared first on MHA Consulting.
FFIEC in our industry is best known for providing the businesscontinuitymanagement standard that U.S. FFIEC is, of course, one of many standards that organizations can adopt and seek to come into alignment with to strengthen their BCM programs. financial institutions are required to meet. marketplace.
Every organization that is determined to get serious about riskmanagement should know about ISO 31000. The post A Great Place to Start: The ISO 31000 RiskManagement Guidelines appeared first on BCMMETRICS.
BusinessContinuity is NOT a Data Backup Last Updated on May 31, 2020 by Alex Jankovic Reading Time: 5 minutes There is something that bothers many Management Consultants in the BusinessContinuity and Information Technology field. BusinessContinuity is not a data backup. Let us repeat.
BusinessContinuity is NOT a Data Backup. There is something that bothers many Management Consultants in the BusinessContinuity and Information Technology field. Have you tried to search for the terms “BusinessContinuity” or “ BusinessContinuity Planning ” on Google or Bing search engines recently?
Top reasons why BusinessContinuity Planning is ignored! The business is always busy, and because of this, it comes up with a myriad of justifications for ignoring BusinessContinuity Planning efforts. Top justifications why BusinessContinuity Plan is not implemented. Reading Time: 4 minutes.
The year 2022 saw the tapering off of the pandemic, the invasion of Ukraine by Russia, an ongoing wave of cyberattacks, continuing supply chain woes, and a renewed focus by organizations on identifying and protecting their most essential business processes. Read on to learn about the BCM year in review.
Those with high-level businesscontinuity plans in place will be putting elements of these into action. For those looking to tighten up or perhaps even craft a businesscontinuity plan for the first time, here’s a helpful checklist to follow. BusinessContinuity Plan Checklist . Yet, here we are.
Reducing risk is at the heart of everything we do as businesscontinuity professionals. This week’s blog post will spell out the key concepts relating to this all-important goal; call it “The Ultimate Guide to Residual Risk.” Inherent risk is the danger intrinsic to any business activity or operation.
Description: “ Facing daily risks to long-term success from a wide range of threats—cyber-attacks, human error, technical failures, and natural disasters—businesses must create practical plans to sustain their vital operations, security posture, industry reputation, and brand. ” GO TO BOOK. ” GO TO BOOK.
As BusinessContinuityManagement (BCM) programs continue to evolve and mature, Enterprise RiskManagement (ERM) processes are just beginning to take hold. The promise of competitive advantage through effective riskmanagement has captured the attention of executive managers worldwide.
In such times, the best thing an organization can do is get serious about riskmanagement. Related on BCMMETRICS: The ABCs of ERM: The Rise of Enterprise RiskManagement An Unstable Global Environment Not since the height of the Cold War has the global environment felt as shaky as it does now.
Businesscontinuitymanagement. BCM (businesscontinuitymanagement) is a form of riskmanagement that deals with the threat of business activities or processes being interrupted. Businesscontinuity planning and disaster recovery planning.
Identifying and mitigating such situations is what vulnerability management is all about. Vulnerability Management and RiskManagement How does vulnerability management relate to riskmanagement? Vulnerability management is a component of riskmanagement.
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? Understanding Remote Work Risks. DOWNLOAD NOW.
businesscontinuity industry saw an average of about 20-25 new job postings each week , with about 30-35 on average internationally. While other industries around the globe struggled to adapt—and many experienced unprecedented job losses—businesscontinuitymanaged to thrive and grow. The outlook is promising.
Risk transference is one of the four main strategies organizations can use to mitigate risk. Try a Dose of RiskManagement Wise organizations determine how much risk they will accept then make conscious efforts to bring their risk down below that threshold. If you don’t have a copy, you should grab one.)
DRI International and the University College London (UCL) Institute for Risk and Disaster Reduction (IRDR) will be hosting a one-day, on-campus conference to be held June 14.
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?’.
Related on MHA Consulting: Single Points of Failure: Protecting Yourself from Hanging by a Thread Risk and the Entrepreneur In writing today’s blog, I’m going to switch between my consultant’s hat and my entrepreneur’s hat.
Events of the last twenty years have thrust enterprise riskmanagement (ERM) to the forefront of the contemporary business scene. Unfortunately, too many organizations leave out the all-important step of implementing strategies to mitigate the risks they identify.
Successful risk mitigation requires that a central authority supervise controls following a coherent strategy. Try a Dose of RiskManagement As a businesscontinuity professional, I tip my hat to any organization that makes a serious effort to reduce its risks.
It’s also an exciting milestone for me personally as someone who, twenty-five years ago, started an independent businesscontinuity consultancy with no guarantee of what the future held. By teaming with us, they get a trusted, proven partner to lead their businesscontinuity efforts everywhere around the world.
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.
Our current environment of rising global uncertainty is spurring organizations’ interest in businesscontinuity and operational riskmanagement. As a result, the position of operational risk consultant appears likely to become one of the “cool jobs” of the future.
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™: BusinessContinuityManagement (BCM) Software, Q2 2021 report.
Everyone knows businesscontinuity planning can help organizations prepare for emergencies. In today’s post, I want to share five examples of situations where clients of ours were able to leverage elements of their BCM program to benefit non-BC aspects of their organizations. Such a program delivers more than meets the eye.
What is a Business Impact Analysis (BIA)? The Business Impact Analysis (BIA) is a cornerstone of the BusinessContinuityManagement (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.
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?’.
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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