MHA Consulting
MARCH 2, 2023
Residual Risk There are two main kinds of risk when it comes to organizational activities and business continuity: inherent risk and residual risk. Inherent risk is the danger intrinsic to any business activity or operation. Examples include business impact analyses, recovery plans, and recovery exercises.
MHA Consulting
OCTOBER 5, 2023
They soon find the field contains an abundance of specialist terms such as inherent risk , mitigation controls , and recovery time objective. However the most important terms to learn at the outset are surely business continuity and IT disaster recovery since they speak to the principal division of the entire field.
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MHA Consulting
NOVEMBER 2, 2023
As the program matures, various other roles will be needed, possibly including the following: Building Maintenance or Facilities Manager: This individual can provide information on what mitigation steps are already in place for the facility, such as fire suppression and electrical service. Business continuity planning is a social activity.
MHA Consulting
FEBRUARY 16, 2023
Related on MHA Consulting: Critical Assistance: How a Consultant Can Strengthen Your Crisis Management Program According to Strong Language: The MHA Glossary of Essential Business Continuity Terminology , crisis management is “the process of trying to resolve a serious adverse event with minimal impact on an organization and its stakeholders.”
Stratogrid Advisory
APRIL 18, 2020
The Business Impact Analysis (BIA) is a cornerstone of the Business Continuity Management (BCM) Program. It is an activity that will identify mission-critical business functions, processes or services in your organization, and the resources required to timely recover those activities.
Reciprocity
SEPTEMBER 30, 2022
Adopting a zero-trust approach to network and data access by third parties is the best way to mitigate such risks. The program includes numerous activities that work together to strengthen their security posture. In addition to weak control policies, this increases the risk of cyberattacks. Vendor Due Diligence.
Stratogrid Advisory
JUNE 3, 2020
The BCM program contains three distinct implementation phases; its activities are outlined in the table below. The BCM program contains three distinct implementation phases; its activities are outlined in the table below. This is why Business Continuity Management (BCM) is a program and not a project.
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