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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? Second, using the risk maturity model pays.

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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? Second, using the risk maturity model pays.

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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. The standard way of arriving at these targets is by conducting a BIA, or business impact analysis.) The larger point is, this is the zone where BC and IT/DR meet.

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7 Steps to Establishing a Sound Business Continuity Strategy 

MHA Consulting

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.

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The Times They Are a-Changin’: Adapting to Change as a BCM Professional

MHA Consulting

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.

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What Does a Business Continuity Plan Typically Include? [Complete Guide]

LogisManager

Through a risk-based approach, you follow the following steps: identify, assess, mitigate, monitor, connect and report. Be sure to implement strategic mitigations as part of your business impact analysis. A regional power outage. Abandonment in leadership. Data protection issue. Supply chain issues. Getting sued.

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How Often Should A BCP Be Reviewed?

LogisManager

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. Mitigating risks before they happen is good governance, and that demonstrates corporate responsibility and fosters a positive corporate culture.

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