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Member You - Business Continuity Testing Starts with the Risks
With the warm breeze of summer wind a numerous number of high school graduates gets ready to enter the university. This is the moment they’ve been waiting for all their lives and now time to choose one career out of the hundreds has come. First of all you are to decide what are you interested in, what skills or abilities you have and what your aim in life is. It is also time to ask somebody for a good piece of advice. Your ass
Almost by definition, accepting a risk is also reducing the impact of the risk as you are aware of the potential problem and can write it into your business continuity plan.
4. Ignore the risk. This option should never be selected. There is never a reason for ig
Government contracts are not as unattainable as the paperwork makes them seem. Once you learn the system, they can be an excellent source of revenue for your business - even when the economy takes a dip and business is harder to come by.Federal, state, and municipal agencies routinely contract for outside support. They have to; the requirements for all of the services they provide far exceed the internal structure of mo
1. Reduce the risk. Reducing the risk falls into 2 categories – reducing the likelihood of the problem occurring and reducing the impact of the problem if it does happen. A simple example is that by having a fire alarm you are reducing the likelihood of a fire spreading unseen and by installing a sprinkler system you are reducing the impact of fire.
Reducing the risk is often referred to as mitigation. For example, data backups are a form of mitigation. They reduce the impact if a problem occurs which affects the primary data source. Any mitigating actions require testing to provide assurance they work when required.
2. Transfer the risk. This is an interesting option which may be seen as a get-out, but which is a perfectly valid thing to do. By transferring a risk it becomes someone else’s problem and you therefore have the risk covered. We are not talking about blaming someone else, or even transferring the risk to someone else in the company.
For example, there could be a risk that office space will not be available in the case of a disaster in the main location. Therefore the risk can be transferred to a third party company which organises office space for disaster recovery and keeps offices available for companies who need such a recovery service.
3. Accept the risk. By accepting the risk of a potential problem you are at least aware of its existence and can plan for it happening. If it is a risk that would have no impact for an acceptable period of time it should still be noted but you may decide to take no action until it occurs.
Almost by definition, accepting a risk is also reducing the impact of the risk as you are aware of the potential problem and can write it into your business continuity plan.
4. Ignore the risk. This option should never be selected. There is never a reason for ign
In today’s day and age a lot of senior managers and sales managers struggle with maintaining their top line growth performance because they neglect their fundamental duties when it comes to managing the performance of their sales team.If you want to take your team to the next level, consider developing a sales performance management system that includes the following elements;First of all, assess your current sal
Reducing the risk is often referred to as mitigation. For example, data backups are a form of mitigation. They reduce the impact if a problem occurs which affects the primary data source. Any mitigating actions require testing to provide assurance they work when required.
2. Transfer the risk. This is an interesting option which may be seen as a get-out, but which is a perfectly valid thing to do. By transferring a risk it becomes someone else’s problem and you therefore have the risk covered. We are not talking about blaming someone else, or even transferring the risk to someone else in the company.
For example, there could be a risk that office space will not be available in the case of a disaster in the main location. Therefore the risk can be transferred to a third party company which organises office space for disaster recovery and keeps offices available for companies who need such a recovery service.
3. Accept the risk. By accepting the risk of a potential problem you are at least aware of its existence and can plan for it happening. If it is a risk that would have no impact for an acceptable period of time it should still be noted but you may decide to take no action until it occurs.
Almost by definition, accepting a risk is also reducing the impact of the risk as you are aware of the potential problem and can write it into your business continuity plan.
4. Ignore the risk. This option should never be selected. There is never a reason for ig
As a supervisor, your primary responsibility is to make sure your employees are performing as expected. But supervising takes time, which you may not have in abundance. So what do you do?Communicate.Yes, talk with your employees, both individually and as a group. That may not sound like a time-saving method, but I guarantee you that early communication can eliminate or lessen the need for much more time spent dow
2. Transfer the risk. This is an interesting option which may be seen as a get-out, but which is a perfectly valid thing to do. By transferring a risk it becomes someone else’s problem and you therefore have the risk covered. We are not talking about blaming someone else, or even transferring the risk to someone else in the company.
For example, there could be a risk that office space will not be available in the case of a disaster in the main location. Therefore the risk can be transferred to a third party company which organises office space for disaster recovery and keeps offices available for companies who need such a recovery service.
3. Accept the risk. By accepting the risk of a potential problem you are at least aware of its existence and can plan for it happening. If it is a risk that would have no impact for an acceptable period of time it should still be noted but you may decide to take no action until it occurs.
Almost by definition, accepting a risk is also reducing the impact of the risk as you are aware of the potential problem and can write it into your business continuity plan.
4. Ignore the risk. This option should never be selected. There is never a reason for ig
How does your organization prepare supervisors to manage employee performance?What tools does your organization provide to make performance management part of a supervisor’s daily routine?How much emphasis does your organization place on performance management?If you were able to quickly and easily answer these questions, it’s likely that you have made a priority of helping supervisors understand and embr
3. Accept the risk. By accepting the risk of a potential problem you are at least aware of its existence and can plan for it happening. If it is a risk that would have no impact for an acceptable period of time it should still be noted but you may decide to take no action until it occurs.
Almost by definition, accepting a risk is also reducing the impact of the risk as you are aware of the potential problem and can write it into your business continuity plan.
4. Ignore the risk. This option should never be selected. There is never a reason for ig
Recent corporate financial scandals have highlighted the importance of business ethics and legal compliance. Yet a recent National Association of Corporate Directors (NACD) survey of 280 corporate CEOs and directors found that "only one of three directors felt that they were highly effective in ensuring legal compliance".Ethics in BusinessMost companies realize that they need to develop and implement a bus
Almost by definition, accepting a risk is also reducing the impact of the risk as you are aware of the potential problem and can write it into your business continuity plan.
4. Ignore the risk. This option should never be selected. There is never a reason for ignoring a risk once it has been identified. A risk can be accepted (acknowledged) but must never be ignored.
Once the actions for each risk have been identified, then anything put in place to help cope with a risk needs testing. However, many companies either test nothing at all or try testing every facet of a business continuity plan. Both methods are doomed to failure. The answer is to adopt a risk based testing approach from two perspectives: the business continuity plan is fit for purpose and it will work when invoked.
A health check (testing the plan is fit for purpose) needs to be performed by someone other than the authors of the business continuity plan. Ideally it’s performed by an independent third party that specialises in testing business continuity plans, but it could be a disinterested party from another part of the company. Independence is essential here for an objective assessment.
Testing the plan will work when invoked, must be viewed in a business context and the elements of the plan prioritised so that the risks with the most business impact and likelihood are tested first. This approach and the techniques to perform business continuity testing in a cost effective manner are the subject of other articles.
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