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 b4crisis@grapevine.net.au 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