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How a Risk Maturity Model Can Increase Your Company’s Resilience

MHA Consulting

A mature, fully integrated risk model would like something like this: As part of the business impact analysis (BIA), people would be doing risk assessments of different areas at different levels throughout the company. BC departments that “speak risk” tend to get more of a hearing, more traction, and more resources.

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How a Risk Maturity Model Can Increase Your Company’s Resilience

MHA Consulting

A mature, fully integrated risk model would like something like this: As part of the business impact analysis (BIA), people would be doing risk assessments of different areas at different levels throughout the company. BC departments that “speak risk” tend to get more of a hearing, more traction, and more resources.

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Unlocking the Truth: Navigating 20 Myths About Business Continuity

Erwood Group

Once you know your critical functions you should also conduct a risk assessment and then a business impact analysis that allows you to properly assess situations that could negatively impact your business. Business continuity is an investment in risk reduction and organizational resilience.