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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. Sometimes the form business continuity management (BCM) is used. The standard way of arriving at these targets is by conducting a BIA, or business impactanalysis.)
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.
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.
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 company—a global manufacturing concern—said they had a BIA in hand and they wanted MHA to use it as the basis for implementing their BC program across the organization.
BCP is one of the components of the Business Continuity Management (BCM) Program which should be implemented in organizations of all sizes. non-profit organizations, professional services companies, manufacturing facilities, etc.), non-profit organizations, professional services companies, manufacturing facilities, etc.),
It’s relevant for financial services, consumer businesses, manufacturing—everyone. Consult your business impactanalysis. Workarounds Are More Important Than Ever This isn’t just an issue for that client or for the healthcare industry. It’s widely assumed that technology has made manual processes obsolete.
Once implemented, a Business Continuity Management (BCM) Program will support your organization's value statement and its mission. Regardless of the industry (non-profit organizations, professional services companies, manufacturing, public sector, etc.),
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 4 - Business ImpactAnalysis. Section 9 - BCM Program Maintenance. 4 – Business ImpactAnalysis.
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