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Risk Management Process- Part 2: Business Impact Analysis

Zerto

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.

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Risk Management Process- Part 1: Overview

Zerto

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.

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Risk Management Process- Part 3a: Risk Assessment and Risk Identification

Zerto

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? This is what we are going to explore next.

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What is a Business Impact Analysis (BIA)?

Stratogrid Advisory

What is a Business Impact Analysis (BIA)? The Business Impact Analysis (BIA) is a cornerstone of the Business Continuity Management (BCM) Program. Additionally, the BIA will leverage findings of the organizational Risk Assessment activity, which is sometimes executed as a part of the BIA engagement.

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Building a Future-Proof GRC Strategy: Preparing for the Unknown While Maintaining Compliance Today 

Reciprocity

In the early 2000s, regulations like Sarbanes-Oxley emerged in response to accounting scandals, focusing primarily on financial controls and documentation. Integrated Governance Structure Future-proof GRC programs break down traditional silos between compliance, risk management, audit, security, and operations.

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The Essentials for Third-Party Risk Management

Castellan

While attacks like SolarWinds help bring awareness to security risks associated with supply chains, most organizations still have a lot of ground to make up for supply chain risk assessments and risk management. It’s a challenge further heightened by a constantly evolving and expanding risk landscape as well.

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Everything You Need to Know About Business Continuity Plans

Erwood Group

Another definition from the Federal Continuity Directive 1 is, Continuity Plan is a documented plan that details how an individual organization will ensure it can continue to perform its essential functions during a wide range of events that can impact normal operations. Risk Assessment Key Findings. Crisis Management Levels.