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A business impactanalysis then predicts the potential disruption from each type of risk to your continued ability to do business. I want to discuss the three key areas of risk from an IT perspective that all leaders should be assessing and managing in their business impactanalysis plan. Business ImpactAnalysis.
I saw this headline on the online version of The Telegraph today (24th August) “UK retailers lost 30,000 trading hours due to riots” which they say equates to upwards of 1,250 trading days lost. Once you have lost the customer, even if they were loyal in the past, they will be very hard to get back.
I saw this headline on the online version of The Telegraph today (24th August) “UK retailers lost 30,000 trading hours due to riots” which they say equates to upwards of 1,250 trading days lost. Once you have lost the customer, even if they were loyal in the past, they will be very hard to get back.
As business continuity managers, we should have done our key supplier analysis. In the BIA (Business ImpactAnalysis), we have a strategy in place for mitigating this risk and so does this mean we are not vulnerable to the loss of supply? Was this a failure of business continuity or procurement?
Description: This course is targeted at office-based organizations, independent retailers, food services, delivery companies, charities, gyms, and spas, among other small businesses. At the conclusion of the course, users will have the foundation to discuss disaster recovery and business continuity plans. GO TO TRAINING.
As business continuity managers, we should have done our key supplier analysis. In the BIA (Business ImpactAnalysis), we have a strategy in place for mitigating this risk and so does this mean we are not vulnerable to the loss of supply? Was this a failure of business continuity or procurement?
As business continuity managers, we should have done our key supplier analysis. In the BIA (Business ImpactAnalysis), we have a strategy in place for mitigating this risk and so does this mean we are not vulnerable to the loss of supply? Was this a failure of business continuity or procurement?
Once you know your critical functions you should also conduct a risk assessment and then a business impactanalysis that allows you to properly assess situations that could negatively impact your business.
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