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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.
DisasterRecovery vs. Business Continuity Planning. While it may seem like a disasterrecovery plan and a business continuity plan are the same, businesses must consider their differences. A DisasterRecovery Plan (DRP) , on the other hand, zeros in on how to remediate the disaster as it transpires.
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?
Far from relieving organizations of the responsibility of recovering their IT systems, today’s cloud-based and hybrid environments make it more important than ever that companies know how to bring their systems back up in the event of an outage. Moreover, cloud-services providers are themselves susceptible to outages and failed recoveries.
This post is part of BCM Basics, a series of occasional, entry-level blogs on some of the key concepts in business continuity management. People new to our field are often puzzled by one of its key terms: “continuity.” Today we’ll provide a comprehensive definition of this foundational word.
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.
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. In today’s post we’ll look at what the slots on a BCM team should be and the traits and skillsets needed in the team’s staff and leadership.
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?
Although share prices showed signs of recovery within a couple of days, more than £1 billion was wiped off the stock market value of the firm, as investors worried that retailers may be less keen to buy into the automated warehouse technology having seen that there is a potential vulnerability.*. Business continuity management.
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.
Related on MHA Consulting: The Write Stuff: How to Create and Maintain Business Continuity Documentation Five Ways BC Documentation Can Go Wrong An organization can reap myriad benefits by documenting its business continuity or IT disasterrecovery (IT/DR) program in the form of written recovery plans.
Follow these seven steps to implement a BC strategy that can help you swiftly recover your business processes in the event of an outage. 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.
In today’s post we’ll look at why organizations still need to be adept at IT disasterrecovery (IT/DR) and describe the four phases of restoring IT services after an outage. Phase 1: Preparation Technically, preparation is not a phase of disasterrecovery since it happens before the outage.
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.
Read on to learn about the BCM year in review. It’s the best way to get a handle on the organization, its culture, what their most important business processes are, the threats they face, and the current state of their BCM program. There’s a lot to be said for ruthless efficiency when it comes to BCM. A new focus on efficiency.
Related on MHA Consulting: Be a Hard Target: Train Your Employees in Security Awareness A Uniquely Vulnerable Time In the context of business continuity, the recovery period is a vulnerable one for any organization. Outages can also impact remote workers, so there will likely be recovery measures pertaining to those workers.
Related on MHA Consulting: Top 10 Resources to Help You Become a BCM Ninja Why the BIA Is Important The business impact analysis or BIA is one of the topics Richard Long and I write about the most here on “Roadmap to Resiliency.” In today’s post, we list, link to, and describe MHA’s best BIA resources.
An organization that can undergo an outage of five days at no great cost is justified in having a high risk tolerance. An organization that would suffer a large impact as the result of an outage of two hours should be willing to tolerate very little risk. Where risk tolerance is high, controls can be relaxed.
Sorting out such problems can take hours if not days, an expensive proposition if the issue is prolonging an outage. This can be crippling during an outage. We frequently see organizations suffer unneeded impact from outages because their staff have not been trained and prepared to implement the designated response procedures.
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 threat of utility or network outages. Threats posed by cyberattacks: ransomware, data theft, and the rest. Threats affecting access to one’s facilities caused by road construction, accident, or political unrest.
Here are some examples of vulnerabilities that can exist at facilities even after risk mitigation controls have been implemented: The backup power source can provide only a fraction of the power needed to keep critical operations running in the event of an outage.
Mitigating supply chain risk After widespread coverage, the CrowdStrike outage from 19 July 2024 hardly needs an introduction. The outage was caused by a bad security update rolled out by CrowdStrike. Without question, this is one of the most expensive IT outages to date, with significant global impact. million Windows devices.
Related on BCMMETRICS: When the Going Gets Tough, the Tough Get Resilient An Eye-Opening Exercise Earlier this week I did a two-hour mock disaster exercise with a healthcare client. The scenario was, “A regional internet outage has occurred; you have no internet access to the outside world. I wish them the best.
Examining the key business processes that exist within an organisation and the impact of IT downtime on that business (outage impact), the BIA looks at the key assets in terms of recovery point objectives (RPOs) and recovery time objectives (RTOs). Business Continuity Management (BCM). DisasterRecovery (DR).
Over time, we see risks go down, the number of outages decrease, and insurance and other costs decrease. BC departments that “speak risk” tend to get more of a hearing, more traction, and more resources. Second, using the risk maturity model pays. I’ve seen it here at MHA and over and over again at our clients.
Over time, we see risks go down, the number of outages decrease, and insurance and other costs decrease. BC departments that “speak risk” tend to get more of a hearing, more traction, and more resources. Second, using the risk maturity model pays. I’ve seen it here at MHA and over and over again at our clients.
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.
However, BC practitioners have a critical role to play in ensuring their organizations are prepared to respond to data breaches and to extended system outages. In this context, perhaps the most important thing BC offices can focus on is ensuring their organizations develop robust manual workarounds for their critical patient-care activities.
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 7 - IT DisasterRecovery Plan. Section 9 - BCM Program Maintenance. 9 – BCM Program Maintenance.
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