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.
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. A good BC strategy can help you swiftly recover your critical business processes in the event of a disruption, identify gaps that need to be remediated, and determine what training is necessary.
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LogisManager
JULY 22, 2021
Their process for developing and updating their BCP initially involved holding in-person interviews with department heads to gather information about various impacts to their core processes in case of an outage: Who are their key team members? This lets them easily determine which processes need to be prioritized during an outage.
MHA Consulting
JULY 27, 2023
Organizations now have to contend with a heightened risk of drought, flooding, heat waves, wildfires, hurricanes, political unrest, global conflict, cyberattack, power outages, active shooters, supply chain disruptions, pandemic, social-media impacts, and all the rest. Artificial intelligence is coming to BC.
LogisManager
MAY 27, 2021
It’s important to actively invest time and energy into preparing for any potential risk before a potential event of a disaster so that if or when it does, your BCP directs you to the necessary resources to return to business as usual. Be sure to implement strategic mitigations as part of your business impact analysis.
LogisManager
FEBRUARY 7, 2022
As a result, you’ll be able to better allocate the necessary resources and ensure that backup strategies are in place to maintain basic operations following a loss or outage. Housing everything in one centralized program allows you to quickly and easily navigate to the right resources amidst an emergency event. Report historical data.
Diligent
FEBRUARY 23, 2021
But while definitions may diverge slightly, the general understanding is that a business continuity plan (BCP) is designed to ensure that your business can maintain its operations in the event of a disaster, whatever form that might take. Central to this is the need to maintain accurate information on all your entities and subsidiaries.
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