Tag Archive: risk assessment

Risk Management 101 – what is risk and why do we need to manage it

Background Whenever we develop a plan, we are attempting to predict the future. We are claiming that by executing a series of steps, we will achieve a desired outcome at some point in the future. Unfortunately, predicting the future is an uncertain business at the best of times. It involves making assumptions about how things will…

Does your Business Continuity Plan have one of these?

A Risk Matrix should form the core of your Business Continuity Plan The image above shows an extract from Suffolk County Council’s Community Risk Register (CRR) in the form of a matrix. (Click to see a larger version)  It shows the probability and impact of a number of potential events that might create an adverse…

Could GPS be the downfall of your business?

Does our increasing dependence on GPS expose our businesses to unnecessary risks? Does your Business Continuity Plan cover this risk? In a recent report, the Royal Academy of Engineering warned that the UK is becoming dangerously over-reliant on GPS satellite navigation. It goes on to recommend that businesses should have Contingency Plans for dealing with…

Hackers, volcanoes, and The Snowman – they’re all out to get you

Survey shows that small businesses need to take Business Continuity more seriously than they currently do The Chartered Management Institute (CMI) recently published its annual survey of disaster preparedness in the UK, and it doesn’t make good reading if you are a small business. Produced in association with AON, the Business Continuity Institute (BCI), The…

Tip – concentrate on the critical bits

The objective of business continuity planning is to protect the critical activities in your organisation from unnecessary disruption. But what is a critical activity? Criticality, for the purposes of business continuity planning, is determined by the degree to which the organisation would suffer if that activity were to be disrupted. The impact on the organisation…

Avoid single points of failure in your business

 Don’t let the loss of single critical resource cause you to lose money Business Continuity Planning is the process of putting in place the necessary measures and plans to prevent disruptive incidents from damaging your business. One of the measures that needs to be taken is to remove, as far as possible, single points of…

Are you prepared for flooding?

Don’t ignore risks unless you know they won’t occur An item on Monday’s (5th December 2011) “You and Yours” on BBC Radio Four caught my attention. The item was on flooding and how it is becoming more common in the UK; despite the increased spending on flood prevention by the Environment Agency. Much was said…

Would you know what to do if…

Business Continuity is about knowing what to do when something bad happens There are many definitions of Business Continuity, but the essence is that people must know how to react when something untoward happens in the business. That way, they can take immediate action to: ensure everybody and everything is safe; prevent matters getting worse;…

Does Chaos Theory apply to Business Continuity Planning?

How flooding in Thailand can affect a business in the UK A news item on Channel Pro  leaves me wondering if Chaos Theory really does apply to Business Continuity Planning.  Chaos Theory deals with situations in which a very slight change in the initial conditions can have a dramatic effect on the outcome of a…

Will Business Continuity Planning reduce my insurance premiums?

Business Continuity Planning should be seen as an investment in the future of your business, but it can also help to reduce your costs. The other day, I was asked if the cost of introducing business continuity planning would be offset by a reduction in insurance premiums. This was the answer that I gave. Business…

Tag Archive: risk assessment

Risk Management 101 – what is risk and why do we need to manage it

Background Whenever we develop a plan, we are attempting to predict the future. We are claiming that by executing a series of steps, we will achieve a desired outcome at some point in the future. Unfortunately, predicting the future is an uncertain business at the best of times. It involves making assumptions about how things will…

Does your Business Continuity Plan have one of these?

A Risk Matrix should form the core of your Business Continuity Plan The image above shows an extract from Suffolk County Council’s Community Risk Register (CRR) in the form of a matrix. (Click to see a larger version)  It shows the probability and impact of a number of potential events that might create an adverse…

Could GPS be the downfall of your business?

Does our increasing dependence on GPS expose our businesses to unnecessary risks? Does your Business Continuity Plan cover this risk? In a recent report, the Royal Academy of Engineering warned that the UK is becoming dangerously over-reliant on GPS satellite navigation. It goes on to recommend that businesses should have Contingency Plans for dealing with…

Hackers, volcanoes, and The Snowman – they’re all out to get you

Survey shows that small businesses need to take Business Continuity more seriously than they currently do The Chartered Management Institute (CMI) recently published its annual survey of disaster preparedness in the UK, and it doesn’t make good reading if you are a small business. Produced in association with AON, the Business Continuity Institute (BCI), The…

Tip – concentrate on the critical bits

The objective of business continuity planning is to protect the critical activities in your organisation from unnecessary disruption. But what is a critical activity? Criticality, for the purposes of business continuity planning, is determined by the degree to which the organisation would suffer if that activity were to be disrupted. The impact on the organisation…

Avoid single points of failure in your business

 Don’t let the loss of single critical resource cause you to lose money Business Continuity Planning is the process of putting in place the necessary measures and plans to prevent disruptive incidents from damaging your business. One of the measures that needs to be taken is to remove, as far as possible, single points of…

Are you prepared for flooding?

Don’t ignore risks unless you know they won’t occur An item on Monday’s (5th December 2011) “You and Yours” on BBC Radio Four caught my attention. The item was on flooding and how it is becoming more common in the UK; despite the increased spending on flood prevention by the Environment Agency. Much was said…

Would you know what to do if…

Business Continuity is about knowing what to do when something bad happens There are many definitions of Business Continuity, but the essence is that people must know how to react when something untoward happens in the business. That way, they can take immediate action to: ensure everybody and everything is safe; prevent matters getting worse;…

Does Chaos Theory apply to Business Continuity Planning?

How flooding in Thailand can affect a business in the UK A news item on Channel Pro  leaves me wondering if Chaos Theory really does apply to Business Continuity Planning.  Chaos Theory deals with situations in which a very slight change in the initial conditions can have a dramatic effect on the outcome of a…

Will Business Continuity Planning reduce my insurance premiums?

Business Continuity Planning should be seen as an investment in the future of your business, but it can also help to reduce your costs. The other day, I was asked if the cost of introducing business continuity planning would be offset by a reduction in insurance premiums. This was the answer that I gave. Business…