Why Residual Risk Could Cost Me My Job
On November 9, 2016 Michael Herrera presented this timely webinar on the importance of assessing residual risk in your BCM Program.
Residual risk is defined as the risk remaining after all mitigating actions have been taken into consideration. In this webinar, we covered the steps to assessing residual risk in your BCM program at a recovery plan level, addressing management risk appetite, plan mitigating controls, weighting, and calculation of the residual risk in your recovery plans, and whether it is within or outside management’s tolerance. The results of this assessment give you the opportunity to identify where your greatest exposures exist as well as where you may have over-planned. It’s time to know where your greatest risks lie and where you can rest easy.
Download the spreadsheet to perform your own simple residual risk calculation (Excel).
You can also view the recorded webinar here.
ABOUT OUR PRESENTER:
Michael Herrera is the Chief Executive Officer (CEO) of MHA. In his role, Michael provides global leadership to the entire set of industry practices and horizontal capabilities within MHA. Under his leadership, MHA has become a leading provider of Business Continuity and Disaster Recovery services to organizations on a global level. He is also the founder of BCMMETRICS, a leading cloud based tool designed to assess business continuity compliance and residual risk. Michael is a well-known and sought-after speaker on Business Continuity issues at local and national contingency planner chapter meetings and conferences. Prior to founding MHA, he was a Regional VP for Bank of America, where he was responsible for Business Continuity across the southwest region.