Build a Stronger Business Continuity Plan with MEGA’s HOPEX
With increases in cyber-attacks, global warming, and natural disasters, companies cannot afford to ignore how they manage business continuity risk. Buildings need to be structurally sound to stand up to storms, generators and back-up generators need to be tested and run at a moment’s notice, employees need to be accounted for, the list of issues goes on. Bottom line, companies need to be prepared by having business continuity processes in place to minimize risk.
Business continuity management (BCM) is a framework for identifying an organization's risk of exposure to internal and external threats. A major cost in planning for this is the preparation of audit compliance management documents and automation tools (e.g. BCM software) to reduce the time and cost associated with manually producing this information.
This paper outlines the baseline features important in managing business continuity management (following ISO 22301 standards) and provides a business case as to why MEGA’s HOPEX is uniquely designed to effectively manage BCM.
It also includes considerations at every step of the planning process including:
- Step 1: Perform Business Impact Analysis
- Step 2: Conduct Risk Assessment
- Step 3: Formulate BCM Strategy
- Step 4: Conduct BCM Procedure Implementation
- Step 5: Conduct Testing
By mapping business processes to the dependent technologies and the underlying data, MEGA’s HOPEX platform enables the contextualization of every component of the enterprise (e.g., process, data, application, technology, organization, etc.) in such a way that companies gain full visibility on the business impact of a potentially disruptive event.