Understanding Inherent Vs. Residual Risk In Business Continuity
Wondering how the concepts of inherent risk and residual risk relate to business continuity? The success of your business recovery plan depends on them.
Maximize BCM Compliance & Minimize Residual Risk
By Michael Herrera, CEO, MHA Consulting A new year is upon us and it’s time for BCM practitioners to strategize to maximize “Compliance” and minimize “Residual Risk” across their BCM program and […]
What is the Residual Risk of Your Critical Recovery Plans?
What is the “residual risk” of your critical recovery plans? The first thing to understand is, what is a residual risk? Residual risk is the risk that remains after an organization has determined its risk tolerance […]
Heightening Corporate Risk Mitigation with the Operational Risk Management Lifecycle
To manage operational risk we must determine a way to measure, prioritize, monitor, and reduce exposure. The Operational Risk Management (ORM) lifecycle is divided in to five sections. Program Design: ORM is […]
Say Hello to VOI: The Best Way to Assess the Value of Your BCM Program
There’s a good reason business loves the concept of return on investment (ROI); it expresses the worth of an activity in terms everyone understands: dollars. However, in evaluating intangible assets such as […]
MHA Consulting Announces Partnership with Abacode Cybersecurity & Compliance
This week, MHA Consulting announced a new partnership with Abacode, the leader in unified cybersecurity and compliance services to provide Information security to our clients. MHA Consulting clients will now have the […]
The Future of COVID-19: Predictions Are Hard, Preparing Is Easy
Trying to predict the next twist in the COVID-19 pandemic is a fool’s errand, but no matter what happens, you should retain your pandemic skills. We’re all past trying to predict the next twist […]
BCM by the Numbers: The Metrics That Matter Most
Not all metrics are created equal. The most commonly used metrics in business continuity management tell you very little of importance about your program. Two uncommon metrics tell you almost everything you need to know. In today’s post, we’ll look at BCM by the numbers: the metrics that matter most.
Continuing to Thrive: A Definition of Business Continuity
If you are new to the world of business continuity, you might have asked yourself, What exactly is business continuity, anyway? In today’s post, we’re going to define business continuity by taking […]
As Easy as 1-2-3: How to Launch a Business Continuity Program
Many companies put off starting a business continuity program because they think doing so is too hard. In today’s post, we’ll boil down the process of launching a BC program to three […]
The BCM Trident: 3 KPIs That Can Sharpen Your Continuity Program
King Neptune gets power from his three-pronged trident, and those of us who work in business continuity can gain power from what I call the BCM Trident. That is, the three key performance […]
You’re Doing It Wrong: BCM Metrics
There are few things more important than the willingness to work hard when it comes to building a top-flight business continuity program. However, I am sorry to report that hard work is […]