article thumbnail

An Introduction to FFIEC: BCM’s Gold Standard

MHA Consulting

All of these standards are valuable, well-regarded tools that are capable of helping organizations become more resilient. It has greater governance, risk assessment, business impact analysis, planning, testing, and maintenance requirements than any other standard.

BCM 74
article thumbnail

How a Risk Maturity Model Can Increase Your Company’s Resilience

MHA Consulting

In today’s post, we’ll look at how such a model can help an organization understand its risks, mitigate the risks that threaten its core services, and integrate business continuity with enterprise risk management, thus boosting resilience overall. Related on MHA Consulting: Who’s the Boss?

Insiders

Sign Up for our Newsletter

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

article thumbnail

How a Risk Maturity Model Can Increase Your Company’s Resilience

MHA Consulting

In today’s post, we’ll look at how such a model can help an organization understand its risks, mitigate the risks that threaten its core services, and integrate business continuity with enterprise risk management, thus boosting resilience overall. Related on MHA Consulting: Who’s the Boss?

article thumbnail

Top reasons why Business Continuity Planning is ignored!

Stratogrid Advisory

We have business interruption insurance. Proper business interruption coverage is a significant part of your risk management strategy and the vital part of the overall organization’s resiliency plan, but your organization should not solely rely on it. Business insurance is not a business continuity strategy. Is it up to date?

article thumbnail

Risk Management Process- Part 1: Overview

Zerto

We will discuss risk management, the critical importance of business impact analysis (BIA) , and the essential steps involved in a thorough risk assessment. Step 1: Perform a Business Impact Analysis A BIA outlines the potential consequences of risks and disruptions on critical functions and business processes.

article thumbnail

Unlocking the Truth: Navigating 20 Myths About Business Continuity

Erwood Group

In times of crisis, a comprehensive business continuity plan ensures that every facet of the organization is resilient. A well-rounded plan addresses a spectrum of potential disruptions, ensuring resilience in a wide variety of situations that can cause disruptions. Myth 2: Business Continuity Plans Are Only for Large Enterprises.

article thumbnail

Business Continuity Planning for Small & Medium-Sized Organizations

Stratogrid Advisory

non-profits, law or accounting firms, insurance firms/brokers, professional service firms, architecture firms, etc.) The final result will be an increased organizational ability to weather major disasters, increased levels of emergency preparedness and greatly improved organizational resiliency.