About the only certainty left is in the way they increase risks to an organisation in terms of business continuity. Risks that you have to manage in a recession-free environment, that range from IT failures to natural disasters, will still be present if recession arrives. It’s the new risks that you’ll also need to be…
Business continuity numbers can be impressive: $200 billion for damages caused by Hurricane Katrina in 2005, including the disruption to businesses because of destruction of facilities and displaced employees. Then there are the fabled “60-70-80%” statistics that typically look something like this: “70% of companies go out of business after a major data loss”. Yet…
Benchmarking business continuity means different things to different people, judging by the variety of information available. In one case, the standard by which comparisons are to be made is based on how many organisations (manufacturers and service providers) think their BC plan covers their supply chain risks. Opinions are subjective and no guarantee of results.…
Business continuity has its challenges and finding the right metrics is one of them. The difficulty is in accepting that metrics need to show there are problems or unsatisfactory performance, at least from time to time. It’s tempting to wish for an array of indicators that always show a positive result. The fact is that…
In business continuity management, you need to know how well you’re doing. In fact both BCM and disaster recovery need their indicators, just like the rest of the management sectors, whether for finance, production, logistics or any other domain. In a world where KPI (Key Performance Indicator) is a watchword, and the accepted rule is…
What does business continuity suffer from most? According to a number of Business Continuity Managers, it’s not a lack of methodology or solutions – it’s a lack of senior management attention. Because business continuity is often seen as a cost in terms of both time and money, it may be assigned a correspondingly lower priority…