Environmental Risks and Business Continuity Management

November 21, 2018

The World Economic Forum has named climate and other environmental risks as a top global risk for for seven consecutive years. At the same time, leaders at both state and business levels have generally failed to build the sustainability, resilience, and agility needed to handle environmental threats.

According to a 2016 report by ClimateWise, there is a widening gap between insured losses and total economic losses from climate-related natural catastrophes. In 2015, this gap was more than USD 100 billion. Both countries and businesses do not completely understand their risk exposures and thus are inadequately prepared for adverse events. Read more

Business Impact Analysis: 5 Tips for Accuracy

October 3, 2018

A Business Impact Analysis is a critical component of a Business Continuity Management framework – required to understand the organization’s interdependencies and full range of operational complexities.

The goal of a Business Impact Analysis (BIA) is to identify the crucial business functions that will be affected in the event of a natural or man-made disaster. BIA findings allow leaders to set up recovery priorities, plan out recovery strategies, allocate the appropriate resources, and determine important metrics such as Recovery Time Objectives (RTO), a measure of the maximum time within which business functions should recover as close to normal during disaster recovery. Read more