KnowledgeLeader Blog

Natural Disasters: How to Efficiently Leverage Lessons Learned

Posted by Protiviti KnowledgeLeader on Wed, Mar 04, 2020 @ 08:00 AM

Perhaps no disaster in recent history has done more to show the need for strong business continuity and disaster recovery planning than the Japan earthquake and tsunami of 2011. This massive 9.0 Richter scale earthquake, which occurred off the Pacific coast of Japan, caused tsunami waves that reached more than six miles inland in spots. More than one million buildings were damaged or destroyed, and nearly 20,000 people died or went missing. Tsunami damage was estimated at more than $300 billion.

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Topics: Internal Audit, Supply Chain, Disaster Recovery, Business Continuity Management

What You Need to Integrate Risk in Your Business Planning Process

Posted by Protiviti KnowledgeLeader on Tue, Mar 03, 2020 @ 08:00 AM

While strategy-setting defines an enterprise’s overall strategic direction, differentiating capabilities and required infrastructure, a business plan lays out how an organization intends to execute a strategy during an annual period or, if longer, the operating cycle. Organizations should ask themselves: How should risk be integrated into the annual business planning process?

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Topics: Enterprise Risk Management, Risk Assessment, Governance, Risk & Compliance, Business Continuity Management

Business Continuity Programs: Important Information on How to Perform Audits You Need to Know

Posted by Protiviti KnowledgeLeader on Fri, Feb 28, 2020 @ 08:00 AM

Ensuring that an organization can recover from disaster is a basic business requirement the board should explore regularly with management. Nowadays, leading organizations are taking this requirement and turning it into a strategic advantage. Namely, investments in operational resiliency are assisting organizations to become more responsive to client needs as well as improving operational reliability, quality and efficiency. It’s an effort you should consider.  

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Topics: Internal Audit, Disaster Recovery, Business Continuity Management

How to Successfully Optimize Your BCM Program

Posted by Protiviti KnowledgeLeader on Tue, Nov 26, 2019 @ 04:00 PM

Business continuity management (BCM) is the development of strategies, plans and actions that provide protection or alternative modes of operation for activities or business processes which, if they were to be interrupted, might otherwise bring a seriously damaging or potentially fatal loss to the enterprise.

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Topics: Business Continuity Management

What is the Internet of Things?

Posted by Protiviti KnowledgeLeader on Thu, May 23, 2019 @ 04:15 PM

The internet of things (IoT) is an environment in which “things” – objects, animals or people – are given unique identifiers on the internet and are able to transfer data over a network without the need for human-to-human or human-to-computer interaction. The IoT has evolved from the convergence of wireless technologies, micro-electromechanical systems (MEMS) and the internet.

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Topics: Risk Assessment, IT Strategy, Privacy, Business Continuity Management

Best Practices for Developing Strong Public Relations

Posted by Protiviti KnowledgeLeader on Thu, Aug 23, 2018 @ 11:30 AM

Are you using strong strategic communication processes that build great relationships between your organization and the public?

Public relations has gained importance and visibility in the recent years as our marketplaces become more competitive and the exponential growth in proliferation of media. The importance of a well-crafted public relations campaign has never been greater. This includes not just generating coverage and visibility, but also fostering meaningful relationship with customers, clients, business partners, employees and the public.

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Topics: Human Resources, Disaster Recovery, Business Continuity Management, Performance Management/Measurement

What is Business Continuity Management (BCM)?

Posted by Dave Goff on Fri, Jun 16, 2017 @ 09:03 AM

Yogi Berra made a name for himself with his own brand of pithy and paradoxical statements, and the statement above is an excellent example.

You can’t schedule disasters, but you can plan to mitigate their effects. Whether it’s fires and floods, critical accidents by personnel, server crashes, viruses, hacking attacks, or even stock market crashes, you want to have a plan in place for resiliency and recovery. Although often described as “just common sense,” it’s really about taking responsibility and taking business continuity seriously.

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Topics: Disaster Recovery, Business Continuity Management

How to Mitigate Risks Using Effective Business Continuity Planning

Posted by Protiviti KnowledgeLeader on Mon, Dec 03, 2012 @ 10:30 AM

Thorough business continuity plans help organizations minimize the risks of a disaster and restore vital business functions without significant detrimental effects. This blog post examines the fundamentals of business continuity management (BCM) planning and highlights critical lessons learned from various recent disasters, providing actionable steps you can take to create a customized plan.

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Topics: Risk Assessment, Governance, Risk & Compliance, Strategic Risk, Business Continuity Management, Self-Assessment, Performance Management/Measurement

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