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A comprehensive guide on BCM IT covering its importance, benefits, key components (risk assessment, business impact analysis, recovery strategies), and steps to build a resilient framework for your business. The post How BCM IT Enhances Business Continuity and RiskManagement appeared first on Bryghtpath.
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.
At a high level, it may seem natural to use the terms business continuity management and enterprise riskmanagement interchangeably. What is Business Continuity Management (BCM)? What is Enterprise RiskManagement (ERM)? Some people may even think they’re just terms representing the same thing.
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.
Explore the strategic implications of BCM versus ERM in our comprehensive guide, highlighting their roles in riskmanagement and business continuity. The post BCM versus ERM: A Guide for Strategic RiskManagement appeared first on Bryghtpath.
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.
Every organization that is determined to get serious about riskmanagement should know about ISO 31000. The post A Great Place to Start: The ISO 31000 RiskManagement Guidelines appeared first on BCMMETRICS.
The post Out of the Loop: When the BCM Office is the Last to Know appeared first on BCMMETRICS. The cause of this problem has to do with issues of turf and trust, but there are ways of improving the situation. What’s Wrong With This Picture? […].
FFIEC is, of course, one of many standards that organizations can adopt and seek to come into alignment with to strengthen their BCM programs. However, of the five, the FFIEC Business Continuity Management booklet is widely regarded as the toughest and best. The Gold Standard FFIEC is the most aggressive standard in the U.S.
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?
As Business Continuity Management (BCM) programs continue to evolve and mature, Enterprise RiskManagement (ERM) processes are just beginning to take hold. The promise of competitive advantage through effective riskmanagement has captured the attention of executive managers worldwide. Why have both?
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.
Strengthening these elements of basic infrastructure is an efficient way of reducing risk and improving resiliency. How to Manage Residual RiskManaging residual risk is not a project; it is an ongoing, cyclical process. The post The Ultimate Guide to Residual Risk appeared first on MHA Consulting.
Identifying and mitigating such situations is what vulnerability management is all about. Vulnerability Management and RiskManagement How does vulnerability management relate to riskmanagement? Vulnerability management is a component of riskmanagement.
Events of the last twenty years have thrust enterprise riskmanagement (ERM) to the forefront of the contemporary business scene. Unfortunately, too many organizations leave out the all-important step of implementing strategies to mitigate the risks they identify.
Business continuity management. BCM (business continuity management) is a form of riskmanagement that deals with the threat of business activities or processes being interrupted. This was recognised by the International Organization for Standardisation (ISO), which started developing ISO 22301 in 2006.
Risk transference is one of the four main strategies organizations can use to mitigate risk. 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.
Successful risk mitigation requires that a central authority supervise controls following a coherent strategy. Try a Dose of RiskManagement As a business continuity professional, I tip my hat to any organization that makes a serious effort to reduce its risks. Try a Dose of RiskManagement The post Who’s the Boss?
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.
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. How do you know which new risks exist and how can your organization better plan to respond? Understanding Remote Work Risks.
DRI International and the University College London (UCL) Institute for Risk and Disaster Reduction (IRDR) will be hosting a one-day, on-campus conference to be held June 14.
Further Reading For more information on riskmanagement and other hot topics in BCM and IT/disaster recovery, check out these recent posts from MHA Consulting: Don’t Just Hope: Choosing Strategies to Mitigate RiskRisk Mitigation: The Four Types The RiskManagement Process: Manage Uncertainty, Then Repeat Who’s the Boss?
DRI International is proud to announce that Roberto (Rob) Zegarra, MBCP, CCRP has been named Director of Education, taking over for retiring director (and recent Honor Roll Award recipient) Gary Villeneuve. “Rob is a truly excellent addition to the team.
Related on MHA Consulting: The ABCs of ERM: The Rise of Enterprise RiskManagement An Exciting New Partnership A couple of weeks ago, MHA Consulting issued the announcement of its new partnership with Kroll, the global leader in enterprise riskmanagement, executive security, and cybersecurity services.
The post Survey: CIOs Know Their Risks – But Not Business Continuity appeared first on DRI Drive. 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.
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.
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. What Is a Risk Maturity Model?
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. What Is a Risk Maturity Model?
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.
Many business management disciplines, including Business Continuity Management (BCM) and Operational RiskManagement (ORM), contribute to continuous improvement and safeguards of the organization’s resources and strategic goals. And what are the organization’s business continuity requirements?
Many business management disciplines, including Business Continuity Management (BCM) and Operational RiskManagement (ORM), contribute to continuous improvement and safeguards of the organization’s resources and strategic goals. Start with a Business Continuity Management (BCM) Program. Newsletter.
May 18, 2021 – Infinite Blue , a leading provider of business continuity/disaster recovery planning and response management software, today announced it has been recognized by Forrester as a Strong Performer in the May 2021 The Forrester Wave™: Business Continuity Management (BCM) Software, Q2 2021 report. Collegeville, PA.,
Further Reading For more information on vulnerability management and other hot topics in BCM and IT/disaster recovery, check out these recent posts from MHA Consulting: “This Is an Emergency”: Why You Should Consider an Emergency Notification System How to Get Strong: Unlocking the Power of Vulnerability Management Testing, Testing: Our Best Blogs (..)
The Business Impact Analysis (BIA) is a cornerstone of the Business Continuity Management (BCM) Program. If not executed efficiently, the organization’s stakeholders could quickly lose interest, and the BIA results could not meet your BCM Program requirements. Business Continuity Management. BCM as a Service.
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.
Listed below are some of the most common justifications for not implementing a robust Business Continuity Management (BCM) Program : 1. Key BCM Program stakeholders moving into new positions or leaving the company. Business Continuity Management. BCM as a Service. We have business interruption insurance.
Our current environment of rising global uncertainty is spurring organizations’ interest in business continuity and operational riskmanagement. As a result, the position of operational risk consultant appears likely to become one of the “cool jobs” of the future.
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