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All About BIAs: A Guide to MHA Consulting’s Best BIA Resources

MHA Consulting

We write a lot about BIAs in our blog and ebooks, and no wonder: the business impact analysis is the cornerstone of a sound business continuity program. It helps them prioritize which of their processes and systems they should protect the most and restore the fastest in order to minimize the impact of an outage on the organization.

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

MHA Consulting

The maturity levels typically range from ad-hoc or reactive risk management practices, to proactive and integrated risk management practices that are aligned with the organization’s strategic objectives. Over time, we see risks go down, the number of outages decrease, and insurance and other costs decrease.

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

MHA Consulting

The maturity levels typically range from ad-hoc or reactive risk management practices, to proactive and integrated risk management practices that are aligned with the organization’s strategic objectives. Over time, we see risks go down, the number of outages decrease, and insurance and other costs decrease.

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

LogisManager

By evaluating all of the various types of risks that an incident could bring up – such as financial, reputational, customer, legal or strategic impact – you’re able to adequately determine which steps must be included in your BCP to minimize those impacts. A regional power outage. Abandonment in leadership. 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. Evaluate the criticality of each business process with pre-built, intuitive business impact analysis templates. Mitigate with purpose.

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Unlocking the Truth: Navigating 20 Myths About Business Continuity

Erwood Group

Once you know your critical functions you should also conduct a risk assessment and then a business impact analysis that allows you to properly assess situations that could negatively impact your business. Far from being a mere cost center, business continuity is a strategic investment.

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Separating the Best from the Rest: An Analysis of Why Business Preparedness Is Critical in an Uncertain Future

Erwood Group

In addition to preventing severe financial losses, it can prevent companies from “cl osing their doors” To celebrate April’s Financial Literacy Month, I will share examples of what happens when you do not have a plan and outline strategic steps on how to build a resilient organization during the next crisis. in a single day.