Stakeholder Involvement

Involving stakeholders in risk management practices is key since they may have input to risk identification and assessment processes. Some of the key stakeholders that may be involved include: 1. The B.O.D – Senior management is charged with managing the Read More …

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Disaster Recovery Planning (DRP)

It is a subsidiary of business continuity which focuses on advanced planning and preparation necessary to recover essential operations, sites, function, systems and resources of the organization in the event of catastrophic failure or disruption. Benefits of DRP 1. Identification Read More …

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Activities for systematic succession planning

1. Identify key positions, transitions which are an area for vulnerability for an organization. 2. Review job descriptions and person specification for a key position. 3. Use performance appraisal system of the organization to identify individuals with potential to be Read More …

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Business Continuity Planning (BCP)

It is about maintaining essential business deliverables of an organization during a disruption via processes of change. BCP is designed to identify threats to critical activities or success factors of an organization and to ensure that this can be reduced Read More …

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Formulating contingency plans

1. Identify critical risks. 2. Identify and evaluate solutions. 3. Identify and document selected contingency response. 4. Document what/who will trigger activation of plan. 5. Establish and train response leadership teams. 6. Communicate the plan so that everyone can respond Read More …

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Role of contingency planning

Many risks can be completely eliminated and therefore should be in place to handle risks in case they happen. Risks probability may be low or high impact. It may too unlikely to justify costly measures to prevent it or high Read More …

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