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Black Swans and Swiss Cheese – A Boat Crash in Baltimore

Plan B Consulting

This is a classic business continuity and emergency response incident, and I thought I would examine it through the lens of a couple of risk management concepts: black swan events and Reason’s Swiss cheese theory. Black swan events, popularised by Nassim Nicholas Taleb, are rare events that have a major impact when they occur.

Banking 52
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Top 10 Resources to Help You Become a BCM Ninja 

MHA Consulting

Much of this change was propelled by the September 11, 2001, terrorist attacks.) A great place to get an overview of the whole BC field, from Program Administration to Exercises to Risk Management and Mitigation. This is a subsection of Ready.gov devoted specifically to the needs of business. BCM consultancy websites.

BCM 92
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BCM Basics: Business Continuity vs. Business Resilience 

MHA Consulting

Then came the game-changer that was the September 11, 2001, terrorist attacks. Other components include risk management, crisis management, operational resilience, supply chain resilience, and financial resilience, among others.

BCM 95
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Internal Controls & Fraud Prevention

Reciprocity

These findings (and many more) show that fraud is a widespread risk that can affect any organization, its business continuity, and its reputation. So what can your organization do to minimize the possibility of fraud and mitigate its potential harm? These consequences came to pass when the Enron scandal broke in 2001.

Audit 52
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Fire and Rain: Adapting to an Era of Global Instability 

MHA Consulting

Geopolitical risk is arguably at the highest level it’s been in 50 years. Try a Dose of Risk Management A World in Tumult There’s a consensus among the key executives I’ve talked to recently: the current global environment contains more risk for organizations than at any time in the last half century. counterparts.