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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 disasterrecovery. Let’s go over them.
A comprehensive guide on BCM IT covering its importance, benefits, key components (risk assessment, business impactanalysis, recovery strategies), and steps to build a resilient framework for your business. The post How BCM IT Enhances Business Continuity and Risk Management appeared first on Bryghtpath.
The cost of not having an IT disasterrecovery team can range from being unable to recover from a disruption, to overspending. Related on MHA Consulting: Who Does What: The Most Critical Job Roles in IT DisasterRecovery The Price of Neglecting IT/DR Being a business continuity consultant can be frustrating.
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.
What is a Business ImpactAnalysis (BIA)? The Business ImpactAnalysis (BIA) is a cornerstone of the Business Continuity Management (BCM) Program. A properly executed BIA will reduce overall operational and financial impacts, reduce potential losses and enhance the business operations of your organization.
We write a lot about BIAs in our blog and ebooks, and no wonder: the business impactanalysis is the cornerstone of a sound business continuity program. This high level of interest in BIAs is completely warranted since the BIA is the lynchpin of a good business continuity management (BCM) program and hence of a resilient organization.
Not another BCM Program audit? Last Updated on May 31, 2020 by Alex Jankovic Reading Time: 4 minutes Another Business Continuity Management (BCM) Program audit. As an example, many smaller organizations use Managed Service Providers (MSPs) to outsource their IT operations and IT DisasterRecovery requirements.
Not another BCM Program audit? Another Business Continuity Management (BCM) Program audit. BCM Program Audits. Business Continuity and IT DisasterRecovery planning efforts do not have defined start and endpoints, and as such must be maintained and updated over time to be truly effective. Reading Time: 4 minutes.
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. The Gold Standard FFIEC is the most aggressive standard in the U.S. marketplace.
IT DisasterRecovery Planning – “No worries, we have a backup?!” Last Updated on May 31, 2020 by Alex Jankovic Reading Time: 3 minutes When asked about their organization’s IT DisasterRecovery (ITDR) plans, some will smile and say, “Yes, we have a backup and it is fully outsourced.”
IT DisasterRecovery Planning – “No worries, we have a backup?!”. When asked about their organization’s IT DisasterRecovery (ITDR) plans, some will smile and say, “Yes, we have a backup and it is fully outsourced.” ITDR Planning depends on Business ImpactAnalysis (BIA) and Risk Assessments. 17 Articles.
BCM Program Governance is a key for it's success. Unsurprisingly, governance also plays a key role in Business Continuity Management (BCM) , because effective BCM needs to be a part of the organization’s “way of life”. BCM Program requires a strong Governance model. Last Updated on May 31, 2020 by Alex Jankovic.
BCM Trends for 2020! The DisasterRecovery Institute (DRI) recently released its 4th Annual BCM Trends and Predictions Report , which provides predictions for resilience trends in 2019/2020. BCM as a Service. Business ImpactAnalysis. IT DisasterRecovery. Reading Time: 4 minutes.
Related on MHA Consulting: BCM Basics: Modern IT/DR Strategies The Benefits of a Sound Business Continuity Strategy A solid BC strategy is a fundamental component of a functional BC program. Such a strategy provides critical guidance in developing the recovery plans that are the tactical core of your program.
One of the most common complaints from my consulting clients is that doing a formal business impactanalysis, or BIA, is a waste of time. You don’t mind if your business continuity management (BCM) program is built on sand. The BIA is often referred to as the foundation of BCM program. They are only as strong as the BIA.
Business continuity (BC) and disasterrecovery (DR) are often used together and interchangeably. DisasterRecovery Defined Andrew Hiles has a particularly good definition of disasterrecovery in his book Business Continuity Management, Global Best Practices. Let’s break it down.
Well-chosen BCM software can help a continuity program be more nimble and effective. It is also a pretty good depiction of how business continuity management (BCM) programs need to be these days if they are to successfully protect their organizations from the unprecedented number of threats in the environment. Lifecycle parameters.
In one recent engagement, MHA was tasked with picking up the pieces after a Business ImpactAnalysis (BIA) conducted by another consulting firm suffered a crack-up. The incident has been painful for the client and challenging for us, but it offers valuable lessons to other companies.
In the “ An Introduction to Business Continuity Planning ” article, we outlined the main components of the Business Continuity Management (BCM) Program and introduced the basics of Business Continuity Planning (BCP). These plans must address BCM Program requirements, including Emergency Management Procedures (e.g.
In the “ An Introduction to Business Continuity Planning ” article, we outlined the main components of the Business Continuity Management (BCM) Program and introduced the basics of Business Continuity Planning (BCP). . These plans must address BCM Program requirements, including Emergency Management Procedures (e.g.
BCP is one of the components of the Business Continuity Management (BCM) Program which should be implemented in organizations of all sizes. The implementation of a BCM Program could be a rather complex and lengthy process, which largely depends on the organization’s size. Reading Time: 6 minutes. Regardless of the industry (e.g.
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. In mid-2019, I spoke at the local DisasterRecovery Information Exchange conference and outlined some reasons for this divide.
In our previous articles , we outlined the reasons why the Business Continuity Management (BCM) Program is essential to your organization. The conclusion is that IT is too reluctant to engage in BCM activities, very slow to react and deliver, and typically a cause of delayed business continuity planning engagements.
For the more common, tactical type of engagement—for example, ones focused on the BIA, recovery planning, IT disasterrecovery, or current state assessments—we need details that can most easily be provided by tactical experts.
Correctly determining the risks facing your organization is the cornerstone of creating relevant business continuity plans, IT disasterrecovery plans , emergency response and any other incident or crisis-related plans. Unsurprisingly, a Risk Assessment is one of the most important components of Business Continuity Planning (BCP).
Correctly determining the risks facing your organization is the cornerstone of creating relevant business continuity plans, IT disasterrecovery plans , emergency response and any other incident or crisis-related plans. BCM as a Service. Business ImpactAnalysis. IT DisasterRecovery. 18 Articles.
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. It underlines the way an organization operates. Business Continuity Managers must be included at the senior leadership table.
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 Continuity Planning processes, such as Risks Assessment or a Business ImpactAnalysis (BIA). BCM Program effectiveness. 22 Articles.
They will all have some very high-level, but somewhat relevant business continuity related jargon, but in the first few sentences, the narrative will change from Business Continuity to IT DisasterRecovery. As a result, these plans will be developed without genuinely understanding the ins-and-outs and the complexity of your business.
They will all have some very high-level, but somewhat relevant business continuity related jargon, but in the first few sentences, the narrative will change from Business Continuity to IT DisasterRecovery. . Start with a Business Continuity Management (BCM) Program. Incident Response (Crisis, Emergency, etc.).
Listed below are some of the most common justifications for not implementing a robust Business Continuity Management (BCM) Program : 1. Is it aligned with your business continuity requirements ( Business ImpactAnalysis - BIA anyone)? Is it aligned with your IT DisasterRecovery Plan ? BCM as a Service.
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.
The plan should progress naturally from when an event happens, to the activation of the plan, to steps for recovery, to going back to business as usual. Business ImpactAnalysis. The strength of a recovery plan relies in part on an accurate and on-target Business ImpactAnalysis.
Definition: A Business ImpactAnalysis (BIA) is the cornerstone of creating a BCM program. Basically, a BIA helps prioritize restoration efforts in the initial response activities following an operational disruption.
During the planning process, a Business ImpactAnalysis analyzes and outlines business requirements. 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.
Consult your business impactanalysis. Companies who lack manual workarounds coud miss SEC deadlines and face sanctions. How to Create a Workaround The easy part of devising manual workarounds is knowing which processes you need to develop backups for. We recommend focusing on those needed in the first 24 to 48 hours.
A mature, fully integrated risk model would like something like this: As part of the business impactanalysis (BIA), people would be doing risk assessments of different areas at different levels throughout the company. The goal should be to gradually move toward a more comprehensive, mature approach.
A mature, fully integrated risk model would like something like this: As part of the business impactanalysis (BIA), people would be doing risk assessments of different areas at different levels throughout the company. The goal should be to gradually move toward a more comprehensive, mature approach.
Section 1: The Scope of Business Continuity Myth 1: Business Continuity is Only About IT DisasterRecovery or DR. Contrary to popular belief, business continuity extends far beyond IT recovery. You can also seek out new clients that require vendors or suppliers to have business continuity and disasterrecovery plans in place.
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). Roswitha and Skip discuss Business Continuity versus DisasterRecovery versus Business Resiliency.
In the wake of the recent unforeseen global pandemic, many organizations are thinking about what they have done, what they should have done, and what they need to do in the future in order to maintain normal business operations during times of disaster. Yes, that is right. So, why do most not have continuity or resilience on their radar?
In the wake of the recent unforeseen global pandemic, many organizations are thinking about what they have done, what they should have done, and what they need to do in the future in order to maintain normal business operations during times of disaster. Yes, that is right. So, why do most not have continuity or resilience on their radar?
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. BCM as a Service.
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