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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.
In today’s post we’ll look at the top 10 free or almost free resources business continuity 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 business continuity management. Other components include riskmanagement, crisis management, operational resilience, supply chain resilience, and financial resilience, among others.
This post is part of BCM Basics, a series of occasional, entry-level blogs on some of the key concepts in business continuity management. If you spend any … The post BCM Basics: Inherent Risk vs. Residual Risk appeared first on MHA Consulting. by Richard Long.
Almost every business continuity management 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 business continuity management. . 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.
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.
An emerging hot topic in business continuity and riskmanagement is the software known as a riskmanagement 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.
Our current environment of rising global uncertainty is spurring organizations’ interest in business continuity and operational riskmanagement. As a result, the position of operational riskconsultant appears likely to become one of the “cool jobs” of the future.
FFIEC in our industry is best known for providing the business continuity management 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. For this reason, it is often referred to as the Gold Standard of BCM standards.
Vulnerability management is the practice of identifying and mitigating the weaknesses in an organization’s people, processes, and technology. Identifying and mitigating such situations is what vulnerability management is all about. Vulnerability Management and RiskManagement How does vulnerability management relate to riskmanagement?
Read on to learn about the BCM year in review. Try a Dose of RiskManagement Getting Back in the Air This year, I’m glad to say, I returned to my prepandemic level of business travel. There’s a lot to be said for ruthless efficiency when it comes to BCM. Related on BCMMETRICS: Global Turmoil Making You Ill?
Reducing risk is at the heart of everything we do as business continuity 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.” How to Manage Residual RiskManaging residual risk is not a project; it is an ongoing, cyclical process.
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.
Risk transference is one of the four main strategies organizations can use to mitigate risk. Related on MHA Consulting: Global Turmoil Making You Ill? 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.
But as their companies grow, business owners can and should start becoming more proactive about mitigating risk. 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.
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?
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. Book Title: Manager’s Guide to ISO 22301.
Related on MHA Consulting: How to Get Strong: Unlocking the Power of Vulnerability Management The Practice of Vulnerability Management Last week, MHA CEO Michael Herrera wrote a blog about vulnerability management , the practice of identifying and mitigating the weaknesses in an organization’s people, processes, and technology.
The recently announced partnership between MHA Consulting and Kroll is a tremendous win for both firms and their clients. It’s also an exciting milestone for me personally as someone who, twenty-five years ago, started an independent business continuity consultancy with no guarantee of what the future held.
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.
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.
In today’s post, we’ll look at how such a model can help an organization understand its risks, mitigate the risks that threaten its core services, and integrate business continuity with enterprise riskmanagement, thus boosting resilience overall. Related on MHA Consulting: Who’s the Boss?
In today’s post, we’ll look at how such a model can help an organization understand its risks, mitigate the risks that threaten its core services, and integrate business continuity with enterprise riskmanagement, thus boosting resilience overall. Related on MHA Consulting: Who’s the Boss?
Related on MHA Consulting: Driving Blind: The Problem with Skipping the Threat and Risk Assessment The Need for Threat Intelligence Traditional business continuity 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.
Related on BCMMETRICS: Don’t Give Up the Ship: Demonstrating the Benefits of Rigorous Crisis Management Training Benefits That Go Beyond BC The main purpose of a business continuity management (BCM) program is to help an organization get through disruptions with the least possible impact to its operations, reputation, stakeholders, and bottom line.
Related on MHA Consulting: How GRC Can Help You Gain Real Control Risk Governance Is for Everyone Every organization, regardless of size or industry, should implement a risk governance program to reduce the chances of its being impacted by a crisis.
Business Continuity is NOT a Data Backup Last Updated on May 31, 2020 by Alex Jankovic Reading Time: 5 minutes There is something that bothers many ManagementConsultants in the Business Continuity and Information Technology field. Organizational resilience is a discipline, and there is no single approach to improve it or enhance it.
There is something that bothers many ManagementConsultants in the Business Continuity and Information Technology field. The end goal is all about changing the organization’s culture to “live and breathe” the resilience and implement sound business practices to managerisks effectively. Reading Time: 5 minutes.
Exploring the key assumptions made prior to the BIA, both the process and the results of the risk assessment stage are considered, providing precise intelligence for detailed recommendations. . Business Continuity Management (BCM). appeared first on Security RiskManagement. Contact us info@srm-solutions.com.
These days everyone is talking about the risks of generative AI technology such as OpenAI’s ChatGPT tool. In today’s blog, we’ll look at those risks from the point of view of a business consultant who specializes in technology and IT disaster recovery. Related on MHA Consulting: Global Turmoil Making You Ill?
Listed below are some of the most common justifications for not implementing a robust Business Continuity Management (BCM) Program : 1. We hired a consultant to make a plan a few years ago, so we’re OK. Key BCM Program stakeholders moving into new positions or leaving the company. Business Continuity Management.
While we’ve talked with several business continuity professionals who say they’re working through pandemic burnout, the new 2021 BCM Compensation Report published in partnership with the BCI, indicates many remained resilient and stayed with their organizations through the past year. DOWNLOAD NOW. Stabilization Through the Pandemic.
Business Continuity : developing a Business Continuity Management (BCM) plan which is applied consistently across the entire enterprise with senior management’s support to make a significant difference in the ability of the organisation to achieve high level cyber resilience, protecting financial and reputational assets.
When I joined one of the companies I worked for before becoming a consultant, I inherited a BIA. It was produced by one of the pre-eminent consultancies at the time, who are still a strong player in the market now. The post Why I no longer look at financial impacts when conducting a BIA appeared first on PlanB Consulting.
When I joined one of the companies I worked for before becoming a consultant, I inherited a BIA. It was produced by one of the pre-eminent consultancies at the time, who are still a strong player in the market now. The post Why I no longer look at financial impacts when conducting a BIA appeared first on PlanB Consulting.
Related on MHA Consulting: Be Ransomware Resilient: Know How to Operate Manually A Healthcare System Under Attack Last month, the U.S. In today’s post, we’ll look at the measures hospitals and other facilities that care for patients can and should take to improve their resilience in the face of the rising threat.
S2E7 - Pathways to a Career in BCP Join Roswitha in her solo discussion of how ANY career/education path can lead you into the field of Business Continuity Planning (BCP) or Business Continuity Management (BCM). S2E4 - BCP and Operational RiskManagement. S1E4 - Software or Consultants for building your BCP.
The converse of point one is that if riskmanagement is so great and comprehensive, why were so few of us prepared? Is riskmanagement a paper exercise in meaninglessness, where it all looks good on paper, but if it doesn’t actually lead to action and mitigation then what is the point of it?
The converse of point one is that if riskmanagement is so great and comprehensive, why were so few of us prepared? Is riskmanagement a paper exercise in meaninglessness, where it all looks good on paper, but if it doesn’t actually lead to action and mitigation then what is the point of it?
The converse of point one is that if riskmanagement is so great and comprehensive, why were so few of us prepared? Is riskmanagement a paper exercise in meaninglessness, where it all looks good on paper, but if it doesn’t actually lead to action and mitigation then what is the point of it?
Once implemented, a Business Continuity Management (BCM) Program will support your organization's value statement and its mission. The implementation of a Business Continuity Management (BCM) Program can be a complicated and lengthy process, which directly depends on the organization's size and complexity.
Once implemented, a Business Continuity Management (BCM) Program will support your organization's value statement and its mission. Section 2 - Business Continuity Management (BCM) Program Implementation. Section 3 - Risk Assessment. Section 9 - BCM Program Maintenance. 2 – BCM Program Implementation.
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