Zerto

SEPTEMBER 21, 2023

It illustrates the risk profile of the organization at a specific point in time, a profile that will evolve over time as new risks are identified and/or controls are put in place to mitigate some of them. What Is the Output of a Risk Assessment?

Risk Management 111

Risk Management Management Mitigation Backup 111

BCP Builder

FEBRUARY 1, 2024

What is the relationship between Business Continuity and Risk Management? The relationship between Business Continuity and Risk Management depends on the organization. In most cases, Business Continuity is a sub-domain of Risk Management.

Risk Management 52

Risk Management Business Continuity All-Hazards Management 52

Zerto

AUGUST 24, 2023

The third crucial step in risk assessment is risk control, which involves crafting effective strategies to mitigate the identified risks. There are four fundamental types of risk control: risk acceptance, risk mitigation, risk avoidance, and risk transfer.

Risk Management 98

Risk Management Management Acceptable Risk Mitigation 98

MHA Consulting

JANUARY 25, 2024

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 terms business continuity and business resilience are superficially similar and a world apart.

BCM 105

BCM Business Continuity Resilience Outage 105

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. I wish it were true.

Mitigation 97

Mitigation Authorization Risk Management Risk Reduction 97

IT Governance BC

DECEMBER 16, 2024

Risk only ceases to exist when you shut the doors. If we know that security incidents are a matter of when, not if, how should organisations approach risk management? Suppose youve identified a risk, and youve implemented a control to mitigate it. Youll still need to accept the risk exists.

Cyber Resilience 75

Cyber Resilience Resilience Risk Management Mitigation 75

Fusion Risk Management

OCTOBER 7, 2021

Risk management is typically discussed under two categories: Governance, Risk, and Compliance (GRC) or Integrated Risk Management (IRM). Strategic risk. What is strategic risk, and how do you manage it? Solutions Customer Summit Series.

Risk Management 98

Risk Management Management Strategic Fashion 98

Zerto

APRIL 25, 2023

The Critical Role of Business Impact Analysis In the first part of our miniseries on risk management, we introduced the operational risk management process and outlined its different parts. This time, we are exploring one of those key parts: the business impact analysis (BIA) process.

Impact Analysis 97

Impact Analysis Risk Management Management Continuity Planning 97

Zerto

JULY 12, 2023

In the previous post of this risk management series, we covered the business impact analysis (BIA) , which is a crucial step in understanding the impact of potential disruptions to critical business processes. What Is Risk Assessment? What Is Risk Assessment? What Is in a Risk Identification Report?

Risk Management 97

Risk Management All-Hazards Management Mitigation 97

BCM METRICS

APRIL 14, 2022

Every organization that is determined to get serious about risk management should know about ISO 31000. The post A Great Place to Start: The ISO 31000 Risk Management Guidelines appeared first on BCMMETRICS.

Risk Management 85

Risk Management Management Mitigation Business Continuity 85

everbridge

NOVEMBER 15, 2024

This standard offers a blueprint to enhance resilience, optimize risk management, and refine strategic planning. It also complements and works in tandem with other standards that focus on risk management, business continuity management, and crisis management, like ISO 31000, ISO 22301, and ISO 22361.

Resilience 59

Resilience All-Hazards Strategic Evaluation 59

Disaster Recovery Journal

OCTOBER 23, 2020

I was teaching a business continuity class at our remote office in Detroit when a hysterical woman pulled me from the class to go to the breakroom television. I watched one of the managers count down on the screen the number of floors to where the first plane landed. Likewise, none of us can mitigate everything.

Disaster Recovery 214

Disaster Recovery Risk Management Emergency Response Emergency Response 214

MHA Consulting

MAY 19, 2021

In recent posts, we’ve been talking about how important it is for organizations to reassess their risks as the economy opens up. Today, we provide a tool to help in … The post Checking It Twice: The Corporate Risk Mitigation Checklist appeared first on MHA Consulting.

Mitigation 95

Mitigation Consulting Continuity Planning Risk Management 95

IBM Business Resiliency

MAY 20, 2021

Teams with mature supply chain risk management strategies adapted to disruption and continued to delight customers. Here are four ways to build a cohesive risk management strategy that you can use to proactively prevent and mitigate risks across the supply chain. No supply chain is without risk.

Risk Management 96

Risk Management Resilience Management Benchmark 96

MHA Consulting

JANUARY 27, 2022

Many service providers tune out talk about supply chain risk management 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 Risk Management appeared first on MHA Consulting.

Risk Management 95

Risk Management Retail Management Manufacturing 95

Fusion Risk Management

NOVEMBER 19, 2024

The Prudential Regulation Authority (PRA), Bank of England (BoE), and Financial Conduct Authority (FCA) jointly issued stringent regulations to mitigate systemic risks and contain potential crises. Operational resilience transcends mere checklists; it is the outcome of effective operational risk management.

Resilience 59

Resilience Banking Vulnerability Crisis Management 59

Business Continuity Today

JANUARY 17, 2023

Risk management and business continuity are two critical concepts in business management. Risk management is identifying, assessing, and prioritizing potential risks to an organization's operations and assets and implementing strategies to mitigate or manage those risks.

Risk Management 40

Risk Management Business Continuity Management Hazard 40

Castellan

APRIL 1, 2022

At a high level, it may seem natural to use the terms business continuity management and enterprise risk management interchangeably. While there are some congruences between them, there are some unique distinctions that separate the two, and in many regards, they’re actually completely different business functions.

BCM 98

BCM Risk Management Business Continuity Resilience 98

MHA Consulting

FEBRUARY 15, 2024

An emerging hot topic in business continuity and risk management is the software known as a risk management information system (RMIS). For those for whom this is a new acronym, RMIS stands for risk management information system. Key features of an RMIS typically include: Risk Identification.

BCM 106

BCM Risk Management Mitigation Business Continuity 106

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

OCTOBER 19, 2022

In such times, the best thing an organization can do is get serious about risk management. Related on BCMMETRICS: The ABCs of ERM: The Rise of Enterprise Risk Management An Unstable Global Environment Not since the height of the Cold War has the global environment felt as shaky as it does now.

Risk Management 52

Risk Management Management Mitigation Business Continuity 52

MHA Consulting

MARCH 14, 2024

Risk can never be eliminated but it can be mitigated. In today’s post, we’ll take a look at how organizations can get started using Enterprise Risk Management (ERM) to reduce their exposure and improve their resilience. Risk can never be completely removed, but it can be mitigated.

Risk Management 52

Risk Management Management All-Hazards Mitigation 52

LogisManager

MAY 20, 2021

Colonial Pipeline Hack: Failure in Risk Management. As with this case at Colonial Pipeline, the demandware that shut down the pipeline was likely from their business operating environment, which interfered with them from operating the production side where regulatory compliance oversight is currently focused. Data Governance.

Risk Management 64

Risk Management Management Authentication Hospitality 64

Erwood Group

OCTOBER 27, 2020

How Business Continuity Provides Value to A Business. There are many ways in which Business Continuity can provide a business with tremendous value. The first and most obvious to many is that business continuity planning helps organizations obtain reduced premiums on insurance.

Business Continuity 59

Business Continuity Continuity Planning Insurance Insurance 59

LAN Infotech

MAY 4, 2021

Making Ongoing Risk Management an Operational Standard. No business today is 100 percent secure from cyberthreats. Every day, more businesses are waking up to this reality, finally understanding the importance of a good cybersecurity system. Understanding Cybersecurity Risk Assessment. percent to reach nearly $43.1

Risk Management 61

Risk Management Management Cybersecurity Vulnerability 61

MHA Consulting

MARCH 2, 2023

Reducing risk is at the heart of everything we do as business continuity professionals. This week’s blog post will spell out the key concepts relating to this all-important goal; call it “The Ultimate Guide to Residual Risk.” Inherent risk is the danger intrinsic to any business activity or operation.

Mitigation 95

Mitigation BCM Acceptable Risk Risk Management 95

MHA Consulting

FEBRUARY 9, 2023

Risk transference is one of the four main strategies organizations can use to mitigate risk. Try a Dose of Risk Management Wise organizations determine how much risk they will accept then make conscious efforts to bring their risk down below that threshold.

Insurance 98

Insurance Insurance Outsourcing Mitigation 98

MHA Consulting

APRIL 27, 2023

During COVID, business tended to focus on only two of the five risk types; however, organizations that want to prosper over the long term need to be cognizant of and plan for all five kinds of risk. The wise organization develops strategies and plans to mitigate and prepare for all five types of risk.

Pandemic 98

Pandemic Mitigation Risk Management Strategic 98

LogisManager

OCTOBER 12, 2021

What Is Risk Management? The world will always be filled with uncertainty and with uncertainty inevitably comes risk. Risk management, in its simplest form, is assessing the possibility of something bad happening; i.e. “If I take this action, will it result negatively?”. What Is Risk Management?

Risk Management 52

Risk Management Management Insurance Insurance 52

MHA Consulting

MAY 18, 2023

But as their companies grow, business owners can and should start becoming more proactive about mitigating risk. As a business continuity consultant, I dislike risk and spend half my time trying to get my clients to reduce their risks. The next thing to look at is the company’s processes.

Mitigation 98

Mitigation Consulting Risk Management BCM 98

Fusion Risk Management

SEPTEMBER 8, 2021

For business continuity professionals, the goal is to protect the organization’s continuity of operations. Third-party management, for example, is not just about onboarding vendors, but also assessing them and understanding the vendor risks so that your organization can continue to deliver products and services, no matter what.

Business Continuity 52

Business Continuity Disaster Recovery Risk Management Continuity Professionals 52

Erwood Group

MAY 30, 2024

Recovery Time Objective: A Key Component in Business Continuity Understanding Recovery Time Objectives: A Key Component in Business Continuity In the business world, change occurs rapidly, and maintaining operational resilience even during these changes is critical.

Business Continuity 52

Business Continuity Disaster Recovery Impact Analysis Resilience 52

BCP Builder

JUNE 1, 2020

When does the Crisis Management team let go and the Business Continuity team take over? I think these two teams need to work together from the outset, but there is a point where the “lead” is handed over from Crisis Management to Business Continuity. Business Continuity is an enabling discipline.

Crisis Management 52

Crisis Management Business Continuity Management BCP 52

BCP Builder

JUNE 1, 2020

When does the Crisis Management team let go and the Business Continuity team take over? I think these two teams need to work together from the outset, but there is a point where the “lead” is handed over from Crisis Management to Business Continuity. Business Continuity is an enabling discipline.

Crisis Management 52

Crisis Management Business Continuity Management BCP 52

Plan B Consulting

MAY 25, 2018

This week, I apply the PESTLE framework to business continuity, in response to finding other risk management frameworks too restricting. Over the last few weeks I have been thinking a lot about risk management frameworks for business continuity.

Risk Management 52

Risk Management Management All-Hazards Hazard 52

Plan B Consulting

MAY 25, 2018

This week, I apply the PESTLE framework to business continuity, in response to finding other risk management frameworks too restricting. Over the last few weeks I have been thinking a lot about risk management frameworks for business continuity.

Risk Management 52

Risk Management Management All-Hazards Hazard 52

Plan B Consulting

JUNE 11, 2020

This week I look at risk management in response to the ongoing COVID-19 outbreak and Black Lives Matter movement. I wanted to write about risk management and what I perceive is a massive failure of the process and implementation in ensuring that organisations were ready for a pandemic. Pandemic an identified risk.

Risk Management 52

Risk Management Management Pandemic Civil Emergency 52