MHA Consulting

AUGUST 4, 2022

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.

BCM 98

BCM Business Continuity Consulting Management 98

Castellan

APRIL 1, 2022

What is Business Continuity Management (BCM)? Business continuity management helps you manage and mitigate effects of a risk event, which includes planning for ways to mitigate risks across your enterprise. The post BCM and ERM: What’s the Difference? Contact a Castellan advisor today and we’ll be happy to help.

BCM 98

BCM Risk Management Business Continuity Resilience 98

DRI Drive

MARCH 28, 2022

A recent survey of CIOs shows that nearly all of them are aware of the threats coming down the pike – but far fewer of them are using the resilience and mitigation tools that would help them survive. Out of 1,000 polled for the 2021 Global CIO Survey, 94% acknowledge some form of serious threat […].

Business Continuity 367

Business Continuity Mitigation Resilience BCM 367

MHA Consulting

JUNE 8, 2023

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.

BCM 98

BCM Business Continuity Disaster Recovery Internet 98

MHA Consulting

FEBRUARY 23, 2023

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?

Mitigation 97

Mitigation Authorization Risk Management Risk Reduction 97

MHA Consulting

MAY 4, 2023

Risk mitigation controls are the measures we take to reduce the risks our organizations face in carrying out their operations. Related on MHA Consulting: The Ultimate Guide to Residual Risk Risk Mitigation Controls Explained Business continuity is all about reducing risk. You can see why risk mitigation controls are important.

Mitigation 98

Mitigation Evaluation Impact Analysis Business Continuity 98

MHA Consulting

AUGUST 24, 2023

More simply, the job of the risk manager is to identify, prioritize, and mitigate the risks faced by the organization. Knowledge of how to mitigate risks. A risk manager needs to be well-versed in the four risk mitigation strategies (accepting, transferring, limiting, and avoiding risk) and know how to produce a mitigation plan.

Risk Management 98

Risk Management BCM Management All-Hazards 98

MHA Consulting

JULY 27, 2023

Related on MHA Consulting: Roll with the Changes: A New Generation Requires a New Approach to BCM It is comforting to think that if we master one set of marketable skills, we’ll be able to make a living from them for the rest of our careers; however, recent history shows that option is no longer available (if it ever was).

BCM 98

BCM Business Continuity Outage Internet 98

MHA Consulting

FEBRUARY 16, 2023

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.

Crisis Management 97

Crisis Management Strategic BCM Management 97

Bernstein Crisis Management

DECEMBER 27, 2023

An informed and practiced response will typically ensure damage is prevented or mitigated as much as possible while safeguarding your good name. Finance Experts: To manage and mitigate financial risks and implications. The BCM Blogging Team The post Crisis Management Team, Assemble!

Crisis Management 207

Crisis Management Management BCM Mitigation 207

BCM METRICS

FEBRUARY 17, 2022

The post Data Guardians: The BCM Pro’s Role in Helping Business Units Protect Their Data appeared first on BCMMETRICS. Business continuity professionals can help their organizations raise their data protection game by acting as educators, advocates, and brokers on this issue between the business departments and IT. A Data […].

BCM 80

BCM Continuity Professionals Education Business Continuity 80

Bernstein Crisis Management

SEPTEMBER 5, 2023

Understanding Crisis Management: A Methodical Approach At its core, crisis management is a methodical approach to preventing, addressing, and mitigating impact from disruptions. Let’s delve into the mechanics behind this process and how it empowers organizations to navigate complexities with precision.

Crisis Management 181

Crisis Management Management BCM Communications 181

Bernstein Crisis Management

JUNE 26, 2023

To prevent crises where it’s possible, and mitigate their impact where it’s not, businesses must invest in comprehensive crisis planning that addresses these areas of vulnerability. ” By identifying this as a category, businesses can develop proactive strategies to mitigate the reputational damage caused by such incidents.

Crisis Management 193

Crisis Management Communications Media Mitigation 193

MHA Consulting

FEBRUARY 15, 2024

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. Typically available as a SaaS solution, RMIS software is designed to help companies manage and mitigate risk. Risk Mitigation.

BCM 106

BCM Risk Management Mitigation Business Continuity 106

Bernstein Crisis Management

NOVEMBER 13, 2023

A well-handled crisis can significantly mitigate damage to a brand’s reputation, while a poorly managed one can amplify the negative impact. The BCM Blogging Team The post Crisis Communication Examples – The Good and the…Not So Good appeared first on Bernstein Crisis Management.

Communications 175

Communications Crisis Management Logistics BCM 175

MHA Consulting

MARCH 2, 2023

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. A related but higher level concept is that of risk mitigation strategies.

Mitigation 95

Mitigation BCM Acceptable Risk Risk Management 95

Bernstein Crisis Management

SEPTEMBER 7, 2023

Invaluable Insights from a Crisis PR Firm With their adeptness in crisis management, smart firms offer: Quick and calibrated responses to mitigate negative fallout. The BCM Blogging Team bernsteincrisismanagement.com The post Why a Crisis PR Firm is Vital for Brand Resilience appeared first on Bernstein Crisis Management.

Resilience 156

Resilience Crisis Management BCM Media 156

Bernstein Crisis Management

OCTOBER 17, 2023

This means not only having a game plan for when things go awry but also adopting measures that preemptively mitigate risks. The BCM Blogging Team www.bernsteincrisismanagement.com The post Brand Crisis Management: Protecting Your Reputation appeared first on Bernstein Crisis Management.

Crisis Management 166

Crisis Management Management Strategic BCM 166

MHA Consulting

MAY 18, 2023

But as their companies grow, business owners can and should start becoming more proactive about mitigating risk. Gradually Becoming More Risk Conscious In the beginning, most ambitious entrepreneurs are going to have little to no interest in talking about risk mitigation. This is natural.

Mitigation 98

Mitigation Consulting Risk Management BCM 98

MHA Consulting

FEBRUARY 2, 2023

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. Step 3: Determine the Members of Your BCM Team To develop a BC strategy you need to assemble a business continuity management (BCM) team.

Business Continuity 98

Business Continuity BCM Disaster Recovery Outage 98

MHA Consulting

JUNE 15, 2023

Vulnerability management is the practice of identifying and mitigating the weaknesses in an organization’s people, processes, and technology. Then we work with the client on devising a plan to mitigate those weaknesses—and do all we can to get them to follow through on the plan (otherwise, what’s the point?). Don’t be that guy.

Vulnerability 98

Vulnerability Management Mitigation Risk Management 98

MHA Consulting

AUGUST 3, 2023

With respect to this process, the total landscape of risk that is assessed and mitigated can be divided into eight risk domains. Finally, everyone involved in assessing and mitigating risk at an organization needs to make sure their work is custom-tailored to that company’s industry and culture.

Risk Management 95

Risk Management Management All-Hazards Mitigation 95

Bernstein Crisis Management

AUGUST 8, 2023

Legal and Regulatory Compliance: Rapid response can mitigate legal risks and ensure compliance with regulations that require disclosure. The BCM Blogging Team www.bernsteincrisismanagement.com For tailored rapid crisis response strategies and expert guidance, reach out to Bernstein Crisis Management.

Crisis Management 126

Crisis Management Management Consulting BCM 126

MHA Consulting

FEBRUARY 9, 2023

Risk transference is one of the four main strategies organizations can use to mitigate risk. There are four main strategies for mitigating risk : · Risk acceptance: Making a conscious decision to remain vulnerable to a potential harm, usually based on a cost-benefit analysis. Related on MHA Consulting: Global Turmoil Making You Ill?

Insurance 98

Insurance Insurance Outsourcing Mitigation 98

Castellan

MAY 16, 2022

In fact, according to respondents in the 2022 Global BCM Compensation Report , about 60% anticipate having a hybrid work solution with one to four days in the office and the rest remaining remote. According to the BCM Compensation Report, only 6% of respondents anticipate that they will be 100% back in office post-pandemic.

Resilience 98

Resilience Management BCM Business Continuity 98

Plan B Consulting

MARCH 4, 2014

This is another area where the business continuity manager can add value to their organisation and make sure that all risks are being mitigated. The post 10 questions a BCM should ask about staff travelling abroad appeared first on PlanB Consulting.

Travel 52

Travel BCM Insurance Insurance 52

Plan B Consulting

MARCH 4, 2014

This is another area where the business continuity manager can add value to their organisation and make sure that all risks are being mitigated. The post 10 questions a BCM should ask about staff travelling abroad appeared first on PlanB Consulting.

Travel 52

Travel BCM Insurance Insurance 52

Bernstein Crisis Management

AUGUST 10, 2023

This can help prevent or mitigate the impact of a crisis, and ensure that the organization is better prepared to deal with crises in the future. The BCM Blogging Team www.bernsteincrisismanagement.com The post How Crisis Simulations Strengthen Crisis Management appeared first on Bernstein Crisis Management.

Crisis Management 130

Crisis Management Management BCM Vulnerability 130

Bernstein Crisis Management

APRIL 3, 2023

Introduction to Crisis Communications Agencies A crisis communications agency is a team of experts who specialize in managing and mitigating the impact of a crisis on a brand’s reputation. They will work tirelessly to manage the flow of information and mitigate the impact of the crisis on your brand’s reputation.

Communications 114

Communications Crisis Management Media Mitigation 114

MHA Consulting

JULY 13, 2023

For example, we always exclude the effects of any mitigation tools in assessing the impact of the process being offline and we always tell people to answer as though the disruption occurs at the worst possible time. Ensure that your data is in standard terms across departments so it can be legitimately compared.

BCM 98

BCM Impact Analysis Consulting Manufacturing 98

MHA Consulting

JUNE 1, 2023

Threat intelligence empowers organizations to proactively identify, assess, and mitigate risks associated with threats of all types, thus helping them protect their assets, reputation, and business continuity. The reason for monitoring threats is to enable the organization to take educated actions to avoid them or mitigate their impact.

All-Hazards 98

All-Hazards Hazard Business Continuity Mitigation 98

MHA Consulting

NOVEMBER 30, 2023

These polices are to ensure that devices are patched appropriately and that mitigations are implemented if the devices can’t be patched (due to age, for example). Mitigation strategies to address patch-related vulnerabilities should be addressed in recovery plans. Patching polices and oversight.

Security 103

Security Outage Vulnerability Cybersecurity 103

eBRP

MAY 17, 2018

Within Business Continuity circles there is ongoing debate about the relevance and role of Risk Assessment in developing a BCM program. Once risks have been assessed, strategies can be developed to mitigate or reduce their potential impact on our operations. This is the risk mitigation approach in a nut-shell.

BCM 52

BCM Response Plan Mitigation Vulnerability 52

MHA Consulting

JANUARY 19, 2023

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.

BCM 52

BCM Resilience Business Continuity Consulting 52

MHA Consulting

JANUARY 24, 2023

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.

BCM 52

BCM Resilience Consulting Mitigation 52

MHA Consulting

JUNE 22, 2023

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.

Vulnerability 98

Vulnerability BCM Capacity Outage 98

MHA Consulting

APRIL 20, 2023

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 risk management, thus boosting resilience overall. Related on MHA Consulting: Who’s the Boss?

Resilience 52

Resilience Risk Management Mitigation BCM 52