article thumbnail

Dynamic Risks: Working Definitions and Implications for Risk Management Teams

On Solve

While leading resilience practitioners currently consider some aspects of dynamic risks in their programs, we recommend that these concepts be threaded throughout the design and management of all resilience programs in order to achieve the best possible outcome from every incident. Dynamic Risks: A Working Definition. Dynamic Risk.

article thumbnail

The difference between a generic response and contingency plans

Plan B Consulting

The main scenario people write plans for is the loss of their building and they may have some other plans for loss of people, suppliers, or IT. Often the scenario plans, which I like to call contingency plans, are generic, contain little detail and do not align to the risk the organisation faces.

Insiders

Sign Up for our Newsletter

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

article thumbnail

The difference between a generic response and contingency plans

Plan B Consulting

The main scenario people write plans for is the loss of their building and they may have some other plans for loss of people, suppliers, or IT. Often the scenario plans, which I like to call contingency plans, are generic, contain little detail and do not align to the risk the organisation faces.

article thumbnail

Writing Incident Scenarios: An Operational Resilience Trend Returns

Plan B Consulting

This is the same in the business continuity industry, with the return of risk scenarios which has gone full circle over the last 20 years. The use of risk scenarios is being pushed by the PRA and the FCA at present, as part of their operational resilience agenda. system failures) as well as those, outside of their control (e.g.

article thumbnail

Writing Incident Scenarios: An Operational Resilience Trend Returns

Plan B Consulting

This is the same in the business continuity industry, with the return of risk scenarios which has gone full circle over the last 20 years. The use of risk scenarios is being pushed by the PRA and the FCA at present, as part of their operational resilience agenda. How we wrote business continuity plans 20 years ago.

article thumbnail

The Future of Business Continuity: Innovations and Emerging Technologies

Erwood Group

The Future of Business Continuity The Future of Business Continuity: Innovations and Emerging Technologies In an era of rapid technological advancement, the landscape of business continuity is evolving, embracing innovations and emerging technologies to enhance resilience.