MHA Consulting

DECEMBER 8, 2022

We’ll look at examples pertaining to incident management, the business impact analysis (BIA), third-party vendors, risk assessments and exercises, and time and effort. Some organizations we work with utilize their incident management team whenever there is a potential issue or non-DR outage.

BCM 52

BCM Outage Impact Analysis Disaster Recovery 52

MHA Consulting

MARCH 23, 2023

It has greater governance, risk assessment, business impact analysis, planning, testing, and maintenance requirements than any other standard. FFIEC’s requirements are very stringent due to the critical role financial institutions play in the economy.

BCM 74

BCM Impact Analysis Business Continuity Banking 74

MHA Consulting

FEBRUARY 2, 2023

Follow these seven steps to implement a BC strategy that can help you swiftly recover your business processes in the event of an outage. Step 5: Perform a BIA The business impact analysis tells you which of your business processes are most critically time sensitive. BC strategy development is not a “one and done” activity.

Business Continuity 86

Business Continuity BCM Disaster Recovery Outage 86

Stratogrid Advisory

JUNE 3, 2020

An added benefit to a more resilient organization will be lower insurance rates These are just a few examples.

Business Continuity 52

Business Continuity BCM Impact Analysis BCP 52

MHA Consulting

NOVEMBER 3, 2022

Related on BCMMETRICS: When the Going Gets Tough, the Tough Get Resilient An Eye-Opening Exercise Earlier this week I did a two-hour mock disaster exercise with a healthcare client. The scenario was, “A regional internet outage has occurred; you have no internet access to the outside world. Consult your business impact analysis.

Outage 52

Outage BCM Internet Healthcare 52

Erwood Group

JANUARY 28, 2024

Section 1: The Scope of Business Continuity Myth 1: Business Continuity is Only About IT Disaster Recovery or DR. Contrary to popular belief, business continuity extends far beyond IT recovery. You can also seek out new clients that require vendors or suppliers to have business continuity and disaster recovery plans in place.

Business Continuity 52

Business Continuity Disaster Recovery Continuity Planning Crisis Management 52

Erwood Group

APRIL 5, 2022

Even a trader was impacted by a power loss at his home. Due to the outage, he was unable to execute a trade to exit a position and lost $70,000.00 ASSESSING THE FINANCIAL IMPACTS OF BUSINESS DISRUPTIONS. Many organizations skip the Financial Impact Analysis. in a single day. Tessco Technologies. This is a mistake.

Impact Analysis 52

Impact Analysis Insurance Insurance Disaster Recovery 52

Disaster Recovery Journal

AUGUST 5, 2020

The law practice did not have a formal business continuity or disaster recovery plan. Unexpected power outages and equipment failures were familiar events that crippled technology but not manual procedures. Any disruption, small or large, is a disaster to this sized business.

Business Continuity 130

Business Continuity Disaster Recovery Continuity Planning Technology 130

MHA Consulting

JUNE 8, 2023

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. The “What, Me Worry?”

BCM 87

BCM Business Continuity Disaster Recovery Internet 87

LogisManager

FEBRUARY 7, 2022

With a complete profile of business unit information mapped out within your business continuity plan, you can identify critical functions and analyze the impact they have on your organization. Related Post: We compare business continuity and disaster recovery here. Conclusion: Why Complete A Business Continuity Plan Review.

BCP 52

BCP Disaster Recovery Continuity Planning Business Continuity 52

LogisManager

MAY 27, 2021

Taking a risk-based approach is the best way to go about developing your business continuity plan and avoid the need to use implement a disaster recovery plan. Be sure to implement strategic mitigations as part of your business impact analysis. A regional power outage. Natural disasters. Supply chain issues.

Continuity Planning 52

Continuity Planning Business Continuity BCP Disaster Recovery 52

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.

Resilience 52

Resilience Risk Management Mitigation BCM 52

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.

Resilience 52

Resilience Risk Management Mitigation BCM 52