Designing a governance structure and describing its intended performance in the form of program documentation is the first step to ensure your business continuity program produces repeatable results that align to stakeholder expectations.
According to the Business Continuity Institute’s Good Practice Guidelines’ first professional practice, governance provides the foundation for a repeatable and scalable business continuity program.
But what exactly is “governance”? Governance is typically the combination of documented policies and procedures, supported by senior/executive-level management, that define the scope, objectives, approaches, and outcomes associated with a business continuity program. Continue reading
Many organizations today aim to make operations as lean as possible. But, in doing so, are these organizations unknowingly increasing the risk of operational downtime and excess cost? Due to streamlining operations and eliminating redundant activities or suppliers, one misstep or disruption (either internally or externally), can result in time-consuming and costly operational delays, or much worse, impact market positioning or even threaten the survival of the organization.
This perspective is part two of a supply chain risk management-focused series called “Risky Business”. In part one, Managing Third-Party and Supplier Risk, we discussed the importance of protecting your organization from risks associated with a dependence on suppliers (and service providers), as well as how to analyze potential impacts and prioritize these risks.
In this perspective we’ll discuss the specific business continuity strategies and risk treatment options available to mitigate the risk associated with supplier dependencies to an acceptable level. Continue reading
No one enjoys wasting resources in any form – effort, time, or money. However, organizations that implement business continuity planning in a haphazard attempt to meet a customer requirement, pass an audit, or simply don’t take the time up front to ensure that the proper resources and approach are in place, are setting themselves up to do just that.
This article explores the common business continuity-related mistakes and pitfalls that lead to wasting time, money, and effort, and provides solutions focused on performing business continuity planning as an integrated aspect of your organization that will mature and improve risk mitigation and response/recoverability efforts, as well as deliver long-term value. Continue reading