MHA Consulting
MARCH 23, 2023
FFIEC is, of course, one of many standards that organizations can adopt and seek to come into alignment with to strengthen their BCM programs. For this reason, it is often referred to as the Gold Standard of BCM standards. The Gold Standard FFIEC is the most aggressive standard in the U.S. marketplace.
Stratogrid Advisory
MAY 11, 2020
Listed below are some of the most common justifications for not implementing a robust Business Continuity Management (BCM) Program : 1. We have business interruption insurance. The business interruption insurance will cover actual business loses and expenses associated with the restoration of business services. Is it up to date?
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Stratogrid Advisory
APRIL 12, 2020
In the “ An Introduction to Business Continuity Planning ” article, we outlined the main components of the Business Continuity Management (BCM) Program and introduced the basics of Business Continuity Planning (BCP). non-profits, law or accounting firms, insurance firms/brokers, professional service firms, architecture firms, etc.)
Stratogrid Advisory
APRIL 12, 2020
In the “ An Introduction to Business Continuity Planning ” article, we outlined the main components of the Business Continuity Management (BCM) Program and introduced the basics of Business Continuity Planning (BCP). . non-profits, law or accounting firms, insurance firms/brokers, professional service firms, architecture firms, etc.)
Stratogrid Advisory
JANUARY 6, 2019
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.
Stratogrid Advisory
JANUARY 6, 2019
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. BCM as a Service. Business Impact Analysis. We all assess risks.
MHA Consulting
APRIL 20, 2023
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. Over time, we see risks go down, the number of outages decrease, and insurance and other costs decrease.
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