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Knowing what roles should be represented on the business continuity 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.
This post is part of BCM Basics, a series of occasional, entry-level blogs on some of the key concepts in business continuity management. For business continuity newcomers, few topics are as confusing as the difference between business continuity and IT disaster recovery.
Most of these have had demonstrable impacts on the practice of business continuity management (BCM), rendering some traditional practices obsolete and ushering in new concerns and techniques. It’s interesting to look at BCM practices that have fallen into disuse or are no longer regarded as beneficial or sufficient.
This post is part of BCM Basics, a series of occasional, entry-level blogs on some of the key concepts in business continuity 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.
Inherent risk is the danger intrinsic to any business activity or operation. Residual risk is the amount of risk that remains in an activity after mitigation controls are applied. Putting it in mathematical terms: (Inherent risk) – (the risk eliminated by your mitigation controls) = residual risk.
Ideally, this group will be aware of the need to integrate cyber security and businessrecovery. From the BC point of view, recovery plans and actions that envision turning to such services need to be consistent with security requirements. Cyber steering committee. Third-party controls and assessment.
What is a Business Impact Analysis (BIA)? The Business Impact Analysis (BIA) is a cornerstone of the Business Continuity 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. 22 Articles.
We recognize that many business continuity planning 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. It requires a budget and long-term commitment (hence why it is a BCM Program).
We recognize that many business continuity planning 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. Section 2 - Business Continuity Management (BCM) Program Implementation.
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