Remove Business Recovery Remove Impact Analysis Remove Mitigation Remove Resilience
article thumbnail

What is a Business Impact Analysis (BIA)?

Stratogrid Advisory

What is a Business Impact Analysis (BIA)? The Business Impact Analysis (BIA) is a cornerstone of the Business Continuity Management (BCM) Program. Availability of Standard Operating Procedures (SOPs) and manual workaround procedures for businesses processes. Business Continuity Management.

article thumbnail

BCM Basics: the Difference Between Business Continuity and Disaster Recovery

MHA Consulting

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The 7 critical elements of a business continuity plan

Online Computers

Therefore, having an effective business continuity plan (BCP) is vital to operational resilience. A BCP is a comprehensive document that outlines the strategies and procedures a business must follow to keep its critical functions operational during and after a disruptive event. It includes the following elements: 1.

article thumbnail

Business Continuity Guide for Smaller Organizations

Stratogrid Advisory

Regardless of their nature, weather-related events that cause havoc in our communities, pandemics that can wipe us out, or cyber-related incidents that can potentially shut-down our technology, these events require us to be more resilient. Why did we write this guide?

article thumbnail

Business Continuity Guide for Smaller Organizations

Stratogrid Advisory

Regardless of their nature, weather-related events that cause havoc in our communities, pandemics that can wipe us out, or cyber-related incidents that can potentially shut-down our technology, these events require us to be more resilient. Section 2 - Business Continuity Management (BCM) Program Implementation. ARTICLE SECTIONS.

article thumbnail

Gone With the Wind: 12 BCM Practices That Have Become Outdated 

MHA Consulting

Traditionally, organizations conducted a Business Impact Analysis every other year or even less frequently, but in today’s fast-moving world, that’s not sufficient. It leaves too much time for systems and applications to change, reducing the relevance of the BIA and the recovery plans based on it.

BCM 87