Managing Business Risk

The Sourcing Innovation blog reports on a Business Continuity Planning presentation given by Francis Borromeo of Shell Oil Canada at a recent conference.

Business continuity planning and risk management does not have to be ridiculously expensive. The key is that you

1. have a business continuity plan with
2. prioritized risks and recovery plans that you can use to
3. manage the recovery process in order to
4. transition to business as usual in a manner that permits an
5. after action review to allow you to improve and thrive.

A business continuity plan not only provides a framework for the recovery of the critical business processes, but it allows you to safeguard your brand and reputation.

But it's probably last on your management priority list. After all, you only see a return when a major disruption or disaster happens. However, considering that Aberdeen recently found that your average international company experiences two significant disruptions per year, it is critical that you have one. So how do you get the support and resources you need to initiate one?

Read Michael Lamoureaux's post to find out.

Of all the noteworthy business blog posts reviewed this past week on the Political Calculations blog, this post was awarded the title "The Best Post of the Week, Anywhere!"