article thumbnail

The Retro Revolution:  Why Manual Workarounds  Are a BC Must 

MHA Consulting

Because technology is vulnerable to disruption—and disruptions are on the rise—every organization should devise manual workarounds for its critical business processes. 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
article thumbnail

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

MHA Consulting

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.

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

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.

article thumbnail

Risk Assessment, BIA, SLAs, RTOs, and RPOs: What’s the Link? MTD and MTDL

Zerto

Risk assessment, business impact analysis (BIA), and service level agreement (SLAs) are indispensable to the development and implementation of business continuity and disaster recovery (BCDR) plans. Differentiating Between Risk Assessment (RA) and Business Impact Analysis (BIA). What Is a Business Impact Analysis?

article thumbnail

BCP vs. DR Plans: What Are the Key Differences?

Zerto

Since most businesses today are heavily IT reliant, DRP tends to focus on business data and information systems by addressing one or several points of failure including application downtime, network outages, hardware failure, data loss, etc. BCP Includes Business Impact Analysis, Risk Assessment, And Strategy Development.

BCP 79
article thumbnail

Gone With the Wind: 12 BCM Practices That Have Become Outdated 

MHA Consulting

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 84
article thumbnail

Are Cyber Attacks the Next Big Threat for Operational Resilience?

Castellan

While small businesses and medium-sized businesses (SMBs) may be the most vulnerable to attacks, healthcare, government, energy, higher education, and critical infrastructure are squarely in attackers’ crosshairs. This is where a business impact analysis (BIA) and risk assessments can help. No industry is immune. DOWNLOAD NOW.