article thumbnail

Risk Management Process- Part 1: Overview

Zerto

Risk management describes how a business identifies, analyzes, and responds to threats and risk factors that impact its profitability, viability, and strategic goals. Risk management attempts to control future threats by planning preemptively and deploying effective risk-control measures.

article thumbnail

Four steps to build a more transparent and resilient supply chain through risk management

IBM Business Resiliency

Teams with mature supply chain risk management strategies adapted to disruption and continued to delight customers. Here are four ways to build a cohesive risk management strategy that you can use to proactively prevent and mitigate risks across the supply chain. No supply chain is without risk.

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

What needs to be included in a business continuity plan checklist?

SRM

A few months ago, a global pandemic with the capacity to bring the world to a standstill was almost unthinkable. Those with high-level business continuity plans in place will be putting elements of these into action. Business Continuity Plan Checklist . Business Continuity Plan (BCP).

article thumbnail

How Business Continuity Provides Value to A Business

Erwood Group

The first and most obvious to many is that business continuity planning helps organizations obtain reduced premiums on insurance. In some cases, we have seen providers work closely with the client to further mitigate risk by providing additional assistance and suggestions. Let’s look at each of these and others in more detail.

article thumbnail

The Ocado fire – when disaster recovery becomes real

IT Governance BC

Business continuity management. BCM (business continuity management) is a form of risk management that deals with the threat of business activities or processes being interrupted. Any downtime can be unacceptable given the pace of modern life, so it is essential for organisations to plan for disaster.

article thumbnail

Why Every BC Professional Should Become a Gap Hunter

MHA Consulting

Capacity limitations. We often see that efforts to recover critical apps are derailed by limitations in computing or storage capacity. In today’s environment, you cannot just go out and buy capacity. If your solution is “cloud” and your environment is not running in the cloud, just recovering in the cloud is not possible.

article thumbnail

Everything You Need to Know About Business Continuity Plans

Erwood Group

Everything You Need to Know About Business Continuity Plans. Business Continuity Plans. Chances are if you’re visiting this page, you are new to the concept of Business Continuity Plans (BCPs) and business continuity overall. Definition of Business Continuity Plan.