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We’re speaking with Michelle Marx, who is the Resilience and Business Continuity Manager at Transport for London. . Guest Bio: Michelle is an experienced resilience professional who specializes in business continuity, major incident management, policy development, and strategy. Links: M Marx Linkedin Profile.
And while this can be particularly challenging when it comes to managing information security risk, its particularly important in this area. Preparing a business continuity plan The first step to creating a BCP or updating an existing plan is to conduct a thorough initial business impactanalysis.
If you’re like many companies we talk to, you may not know how long your business could survive without … The post What is a Business ImpactAnalysis (BIA)? A few weeks? appeared first on Bryghtpath.
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.
Risk management describes how a business identifies, analyzes, and responds to threats and risk factors that impact its profitability, viability, and strategic goals. Risk management attempts to control future threats by planning preemptively and deploying effective risk-control measures.
Business ImpactAnalysis (BIA) The BIA is crucial in determining the potential consequences of various disruptions. This section should outline who will handle communications, manage logistics, and oversee recovery efforts.
MHA Consulting is pleased to announce a new partnership with a global leader in smart transportation. MHA will begin this engagement with a platform technology impactanalysis, leading us to develop resilient strategies and robust disaster recovery plans that are validated with an exercise.
FFIEC in our industry is best known for providing the business continuity management standard that U.S. However, of the five, the FFIEC Business Continuity Management booklet is widely regarded as the toughest and best. financial institutions are required to meet. The Gold Standard FFIEC is the most aggressive standard in the U.S.
You know that business continuity planning is a process that begins with a thorough business impactanalysis (BIA). You have followed our advice on how to communicate your business continuity program to senior executives.
In most organizations, the only times a business leader and their team learn about business continuity & crisis management is when the time comes to update their business impactanalysis and associated plans – or when an incident or crisis occurs. It’s not a great way to drive business continuity awareness.
One of the most common complaints from my consulting clients is that doing a formal business impactanalysis, or BIA, is a waste of time. Finally, the dim view of BIAs held by the BC office and the business departments is often shared by senior management. At least, that’s how we do them at MHA. (We It isn’t fun.
This post is part of BCM Basics, a series of occasional, entry-level blogs on some of the key concepts in business continuity management. As consultants, we are continually surprised to discover that many of our clients do not understand the meaning of these fundamental terms.
And, according to managementconsultancy McKinsey , between 2010 and 2017, the name of a Forbes-recognized top 100 company appeared in headlines together with the word “crisis” 80 percent more often than in the previous decade — and those are just the organizations that made the news. What Is Crisis Management Preparedness?
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 2: Engage a Competent BC Consultant This step is not strictly necessary but is strongly encouraged. Business Continuity Manager.
As business continuity consultants, we at MHA often encounter a situation we call “inviting by title,” which is when our contact at the client company has us meet with high-level company executives rather than mid-level employees with detailed tactical knowledge. In other words, the project managers invite by title rather than expertise.
OUR TAKE: Search Disaster Recovery offers a few different kinds of recovery plans, spanning business impactanalysis, pandemic recovery, and business continuity. The template was created through extensive research on disaster recovery planning and emergency management of records and information programs. GO TO TEMPLATE.
Related on MHA Consulting: The Ultimate Guide to Residual Risk Risk Mitigation Controls Explained Business continuity is all about reducing risk. They are the tool we apply to reduce the risk the organization is running, ideally to the point of bringing the organization’s residual risk below the level deemed acceptable by management.
Related on MHA Consulting: Who Does What: The Most Critical Job Roles in IT Disaster Recovery The Price of Neglecting IT/DR Being a business continuity consultant can be frustrating. Your IT disaster recovery planning team should consist of the following: Management Steering Committee. Disaster Recovery Coordinator.
Related on MHA Consulting: All About BIAs: A Guide to MHA Consulting’s Best BIA Resources The past twenty-five years have seen a lot of changes in the world especially as pertains to business. approach to third-party management. The past couple of decades have seen huge changes in the world and our field. The “What, Me Worry?”
S1E4 – Software or Consultants for building your BCP. Should you buy Business Continuity Planning software and do it yourself, or should you contract BCP consultants? S1E5 – Discussion of COVID-to-hybrid workforce with Daniel Tschopp , Senior VP, Enterprise Risk Management at Logix Federal Credit Union.
Maybe you were asked by your manager or a business owner to create a business continuity plan for the business or department. Business ImpactAnalysis Key Findings. Crisis Management Levels. This is also a method similar to that in emergency management as All-Hazard planning. Key Vendor Contact Information.
Last Updated on May 31, 2020 by Alex Jankovic Reading Time: 4 minutes Another Business Continuity Management (BCM) Program audit. These types of assessments can be used to evaluate an entire organization (managementconsulting), or any specific system (IT audit), process or project. Not another BCM Program audit?
Another Business Continuity Management (BCM) Program audit. These types of assessments can be used to evaluate an entire organization (managementconsulting), or any specific system (IT audit), process or project. regulation, best industry practices, most recent Business ImpactAnalysis , etc.). BCM Program Audits.
BCP is one of the components of the Business Continuity Management (BCM) Program which should be implemented in organizations of all sizes. It requires time investment from stakeholders (including executive management time), staff training and continuous maintenance and testing. emergency management). Reading Time: 6 minutes.
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). The time crunch.
It’s possible to introduce cybersecurity risk to the very organizations we are protecting if physical security technology added onto our networks is poorly integrated and managed. ’ to more tactical subjects such as ‘What advice do you have for physical security leaders around patch management for their systems?’
In the “ An Introduction to Business Continuity Planning ” article, we outlined the main components of the Business Continuity Management (BCM) Program and introduced the basics of Business Continuity Planning (BCP). Management Support We know that running a small or medium business is not without challenges.
In the “ An Introduction to Business Continuity Planning ” article, we outlined the main components of the Business Continuity Management (BCM) Program and introduced the basics of Business Continuity Planning (BCP). . Management Support. Managed Services Providers – MSPs, cloud service providers, etc.).
Risk Management RTO is an integral part of risk management. Business ImpactAnalysis (BIA) RTO is a critical component of Business ImpactAnalysis (BIA). BIA involves assessing the potential impact of disruptions on various business functions.
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.
Listed below are some of the most common justifications for not implementing a robust Business Continuity Management (BCM) Program : 1. Is it aligned with your business continuity requirements ( Business ImpactAnalysis - BIA anyone)? We hired a consultant to make a plan a few years ago, so we’re OK. Is it up to date?
This happens for a variety of reasons including how you manage the overall program. In fact, I have seen a healthcare organization 3 ½ years into their business impactanalysis with an estimated six more months remaining until they thought they would complete this phase of the program. Book Consultation.
If we agree that the worst case scenario does not really add very much to our risk management and business impactanalysis, how should we look at risk? When you are conducting your business impactanalysis, one of the items you have to look at is the impact on the organisation if an activity is lost.
If we agree that the worst case scenario does not really add very much to our risk management and business impactanalysis, how should we look at risk? When you are conducting your business impactanalysis, one of the items you have to look at is the impact on the organisation if an activity is lost.
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? 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 risk management, thus boosting resilience overall. Related on MHA Consulting: Who’s the Boss? What Is a Risk Maturity Model?
This week, I have been teaching a Cyber Incident Management course in Frankfurt. One of the discussions was whether the RTOs and RPOs we capture in the BIA (Business ImpactAnalysis) are suitable and relevant in a cyber incident. appeared first on PlanB Consulting.
I have been talking about doing a Business ImpactAnalysis (BIA), on the building manufacturing plants in the Philippines, where I am presently working. Surely, ‘as a consultant you have a standard presentation and template which only needs to be slightly adjusted to each client’. All plant managers attended.
I have been talking about doing a Business ImpactAnalysis (BIA), on the building manufacturing plants in the Philippines, where I am presently working. Surely, ‘as a consultant you have a standard presentation and template which only needs to be slightly adjusted to each client’. All plant managers attended.
Indecision and focus on other things, I think, is the enemy of the business continuity manager trying to carry out their role. When I joined the company, they had no business continuity manager and were desperate to implement business continuity throughout the division I worked for. Do the routine stuff. Get yourself trained.
Indecision and focus on other things, I think, is the enemy of the business continuity manager trying to carry out their role. When I joined the company, they had no business continuity manager and were desperate to implement business continuity throughout the division I worked for. Do the routine stuff. Get yourself trained.
ASSESSING THE FINANCIAL IMPACTS OF BUSINESS DISRUPTIONS. Many organizations skip the Financial ImpactAnalysis. Conducting a Financial ImpactAnalysis is critical to helping a business understand the actual financial impact a disaster or disruption can have on a business. This is a mistake.
Work with a consultant? Full-time employees are exempt or non-exempt permanent staff retained, managed, and compensated directly by your organization. Full-time employees are exempt or non-exempt permanent staff retained, managed, and compensated directly by your organization. Do you need more help? Hire more staff?
S1E4 – Software or Consultants for building your BCP. Should you buy Business Continuity Planning software and do it yourself, or should you contract BCP consultants? S1E5 – Discussion of COVID-to-hybrid workforce with Daniel Tschopp , Senior VP, Enterprise Risk Management at Logix Federal Credit Union.
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