article thumbnail

Introducing Our Downtime Calculator Tool

Erwood Group

We at the Erwood Group believe the Free Basic Downtime Calculator Tool is an important tool in that many businesses struggle to calculate and measure the true cost of downtime that impacts their business. Business Impact Analysis. Worse yet is the potential for extended losses or delays in revenue. How bad is the problem?

article thumbnail

An Introduction to FFIEC: BCM’s Gold Standard

MHA Consulting

It has greater governance, risk assessment, business impact analysis, planning, testing, and maintenance requirements than any other standard. FFIEC’s requirements are very stringent due to the critical role financial institutions play in the economy.

BCM 95
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to write a disaster recovery plan

IT Governance BC

Disaster recovery is effectively a form of insurance; you are spending money preparing for a scenario that you hope never occurs. Perform a risk assessment and business impact analysis. The planning committee’s first action should be to prepare a risk assessment and BIA (business impact analysis).

article thumbnail

Risk Assessment – Is it worth the time and effort?

Stratogrid Advisory

Insurance companies assess risks to determine the insurance premiums they will charge. However, each organization will have slightly different impacts from the same risks and chances are, the probabilities of those risks will also differ. Investment firms assess risks to determine where and how to invest their client’s money.

article thumbnail

Risk Assessment – Is it worth the time and effort?

Stratogrid Advisory

Insurance companies assess risks to determine the insurance premiums they will charge. However, each organization will have slightly different impacts from the same risks and chances are, the probabilities of those risks will also differ. Business Impact Analysis. We all assess risks. 18 Articles. 6 Articles.

article thumbnail

Top reasons why Business Continuity Planning is ignored!

Stratogrid Advisory

We have business interruption insurance. The business interruption insurance will cover actual business loses and expenses associated with the restoration of business services. What business interruption insurance will NOT cover is the loss of your clients, overall market share, or any project related delays associated costs.

article thumbnail

Risk Management Process- Part 1: Overview

Zerto

We will discuss risk management, the critical importance of business impact analysis (BIA) , and the essential steps involved in a thorough risk assessment. Step 1: Perform a Business Impact Analysis A BIA outlines the potential consequences of risks and disruptions on critical functions and business processes.