B4Crisis MILE Webinar 21_06_16 to share with participants
Transcript of B4Crisis MILE Webinar 21_06_16 to share with participants
Building resilient businesses
Building resilient businesses
https://www.youtube.com/watch?v=BuSz5xWM5gI The Business Continuity Institute Discover the value of business continuity – YouTube clip
Building resilient businesses
Business continuity management (BCM) Planning, preparing & managing non-routine business disruptions
Building resilient businesses
Let us consider, HOW WOULD YOUR BUSINESS SURVIVE THESE CHALLENGES? Drawing on both Australian and international experience
Building resilient businesses
For everyone involved in these incidents, their day started out like any other, but ended up very differently to what they expected.
Building resilient businesses
Building resilient businesses
Estimate total economic losses from disasters USD$85 billion less Estimated insured losses from disasters USD$32 billion = an estimated USD$53B uninsured losses Approximately 26 000 people died in disasters.
Source http://www.swissre.com/media/news_releases/Preliminary_sigma_estimates_for_2015.html
Building resilient businesses
Losses were caused by various severe natural catastrophes, including windstorms, hurricanes, earthquakes, flooding and wildfires. Nepal earthquake, 25 April 2015 caused Around 9 000 deaths with an estimated USD$6B+ in economic losses only USD$160M insured. Heat waves in May/June 2015 in India & Pakistan caused over 3 000 deaths with highest records temperatures since 1995. A series of explosions at a storage facility, Port of Tianjin, China claimed 173 lives; injured more with much property damage and claims totalling USD$2B making it the largest ever man-made loss event in Asia. Source
http://www.swissre.com/media/news_releases/Preliminary_sigma_estimates_for_2015.html
Building resilient businesses
Business Continuity Mgmt Return on Investment (ROI)
Competitive advantage & increased revenue Be prepared for the big disaster,
but also smaller ones too Appeals to investors Reduces insurance premiums and/or
better coverage (or any coverage at all!) Fill gaps in your insurance coverage.
Remember not every risk is insurable! Compliance Source: http://www.thebci.org/index.php/about/news-room#/blog_posts/6-reasons-why-you-should-make-a-business-continuity-plan-45693
Building resilient businesses
Building resilient businesses
https://youtu.be/3IXEYVxTy4E The Business Continuity Institute Business Continuity Management The Time is Now – YouTube clip
Building resilient businesses
Source: BCM Lifecycle Global Good Practice Guide (GPG) 2013
Business Impact Analysis (BIA)
‘How to’ checklists or Business Recovery Procedures (BRPs) Contact Lists Continuity Resource Requirements Analysis (CRRA)
During an activation
Exercise/ Tests
Reviews & Maintenance
Building resilient businesses
Only one threat to business continuity
Loss of or access to key resources
Building resilient businesses
Key resources? Infrastructure
ICT People
Reputation Dependencies
Building resilient businesses
EXERCISE people for continuous improvement
TEST
technology for pass or
fail e.g. ICT
Building resilient businesses
Everyone learns lessons when they exercise
Building resilient businesses
Any questions or comments?
Now, or later to: Chris Miller email [email protected] LinkedIn https://au.linkedin.com/in/chrismillerb4crisis
Building resilient businesses
International Standard ISO 22301:2012 – Societal Security - Business Continuity Management Systems – Requirements and its related suite of standards for: terminology (ISO 22300:2012) exercising (ISO 22398:2013) business impact analysis (ISO/TS 22317:2015). Available through the International Standards Organization http://www.iso.org/iso/home.html