A Risk Management Approach to Business Continuity: Aligning Business Continuity with Corporate Governance / Edition 1

First Practical Guide to Integrating Risk Management, Business Continuity Management and Corporate Governance From Two World-Renowned BCM Pioneers Who Have Served on the British Standards Institution (BSI) Team Creating a British and International Standard for Risk Management. The U.S. Department of Homeland Security (DHS) is currently developing disaster preparedness standards for businesses. DHS is incorporating language from the British Standards Institution (BSI) because it "provides a management systems approach to business continuity and integrates risk management disciplines and processes." The two authors of this now classic text in the field have been directly involved in developing those BSI standards. Here they bring you a distillation of their worldwide experience in pioneering the integration of the disciplines of risk management and business continuity. This practical guide is endorsed by: * * * The Business Continuity Institute * * * The Institute for Risk Management * * * Disaster Recovery Institute International It includes numerous helpful features: * * * Chapter objectives, summaries and bibliographies; charts, sample forms, checklists throughout * * * Plentiful case studies, in boxed text, drawn from enterprises around the globe, including the UK, US, Europe, Australia, Asia, etc. * * * Boxed inserts summarizing key concepts * * * Glossy of 150 risk management and business continuity terms * * * Timely topics, including stakeholder management, supplier management, outsourcing, the people factor, technology recovery, and communication, both internally and externally. * * * Wide range of challenges, including supply chain disruptions, media and brand attack, product contamination and product recall, bomb threats, chemical and biological threats, etc. * * * Instructions for designing/executing team exercises with role playing to rehearse scenarios * * * Guidance on how to develop a business continuity plan, including a Business Impact Analysis * * * Ideal for senior undergraduate, MBA, certificate, corporate training programs; in use at 50+ campuses worldwide * * * Instructor Materials on CD, including PowerPoint slides and syllabus for 12-week course with lecture outlines/notes, quizzes, reading assignments, discussion topics, projects * * * Authors with extensive international experience in all aspects of risk management and business continuity, having worked with organizations in a combined total of 50 countries The authors' message is that risk management has become a strategic tool in managing all risk across an organization, and that BCM forms one more important tool in a much wider and coordinated risk management program. They are now complementary disciplines that must be understood and supported by your organization as a whole, including CEO's, directors, non- executive directors, risk managers, continuity managers, internal and external auditors, investment managers, compliance managers, finance directors, human resource managers, project managers, regulators, corporate trainers and other stakeholders. After discussing the relationship between risk management and BCM, the authors take the reader through the business continuity management cycle: how to understand the organization and its culture; continuity strategies; how to develop and implement a business continuity response, including developing a Business Impact Analysis; building and embedding a business continuity culture; testing/exercising a plan, along with benchmarking, maintenance and audit. "This book is a must read for those senior managers, risk managers and continuity managers who have the vision to see both the new opportunities and the new responsibilities of business continuity management." - George J. Mitchell, Chairman, DLA Piper Rudnick Gray Cary; Former Senate Majority Leader and U.S. Senator for Maine. Read Full Overview

ISBN-13: 9781931332361

Media Type: Paperback

Publisher: Rothstein Publishing

Publication Date: 01-31-2006

Pages: 416

Product Dimensions: 8.25(w) x 11.00(h) x 0.85(d)

David Kaye (FCII, FBCI, MIRM, FRSA) has spent much of his career with bottom-line responsibility for multi-million-pound insurance and financial services businesses in the UK, Holland, Caribbean and Far East. Prior to becoming a management consultant, he was a Divisional Director within a multinational group of companies with responsibility for operational risk and continuity planning. He is currently a member of the team assisting the British Standards Institute in creating a British and International Standard for continuity risk management. Fellow of the Chartered Insurance Institute, A Fellow of the Royal Society of Arts, a Fellow of the Business Continuity Institute, a Member of the Institute of Risk Management and a Chartered Insurer. Julia Graham (FCII, FBCI, MIRM) worked in the insurance industry for 30 years in a variety of managerial roles including marketing, underwriting and operations. In the early 1990s she set up the first in-house risk management capability for Royal Insurance. In 1996 she led the recovery team for Royal Insurance after the Manchester bombing. In 2004, she took a role with DLA Piper Rudnick to cover all aspects of risk management, including operational and business continuity. Julia is currently the chair of the team assisting the British Standards Institution (BSI) in creating a British and International Standard for risk management. She is a Fellow of the Chartered Insurance Institute, a Fellow of the Business Continuity Institute, a Member of the Institute of Risk Management and a Chartered Insurer.

Table of Contents

Preface, by Senator George Mitchell

Preface, by Steve Mellish, FBCI, The Business Continuity Institute

Introduction

1.A Risk-Based Approach To Business Continuity

2.Stakeholders

3.Governance, Good Practice, Standards, Regulation and the Law

4.Culture, Strategy, Performance, Risk and Business Continuity

5.Getting Started: The Business Continuity Management Cycle

6.Introduction to the Business Impact Analysis

7.The Business Impact Analysis: A Hitch-Hikers Guide

8.Application and Uses of BIA Information

9.Technology, Exposures and Continuity

10.Dependency Management: Supplier Management, Outsourcing and Business Support

11.Opportunities and Other Applications for Business Continuity Tools and Principles

12.The People Factor

13.The Value of Insurance When Facing Potentially Catastrophic Risk

14.Communications

15.Emergency and Governmental Services

16.Rehearsals and Exercising of Plans and Risk Decision-Making

17.Maintenance, Benchmarking, Assurance and Audit

18.Developing a Plan - Putting Theory Into Practice

APPENDIX A: British Standard PAS 56, Guide to Business Continuity Management, Annex

B: BCM Evaluation Criteria

Glossary

About the Authors Show More