It’s a risky business, not having a continuity plan
Such a register normally includes a description of a risk occurring, a description of the impact a realised risk could have on the company, and what existing controls and mitigation factors are in place to prevent the risks from occurring.
The register is normally owned by a senior person in the company who has responsibility for liaising with colleagues from all areas of the business and for ensuring the register is a dynamic document which is always up to date.
However, despite the many high profile cases of unforeseen circumstances affecting the ability of businesses to recover from disruptions (the latest being the problems at Carillion and the knock-on effect to many businesses of the loss of such a key supplier), it is surprising how many businesses still do not have a business continuity plan in place which is linked to their risk register, and which outlines the recovery measures needed should the risk become reality…
Training in Savusavu Focusses on Business Resilience
The United States (US) Government, in partnership with the Fiji Business Disaster Resilience Council and the Fiji Commerce and Employers Federation launched a training programme yesterday in Savusavu that will help businesses better prepare for natural disasters.
The training is part of the US Agency for International Development’s (USAID) climate ready project, which is strengthening the environmental and disaster resilience of Pacific Island countries.
The training was officially launched by US Embassy’s Regional Public Affairs officer Dimitri Tarakhovsky.
In his opening remarks, Mr Tarakhovsky said that resilient development required everyone across all sectors of the economy to work together…
The biggest hurricanes are gaining power faster than before
The Atlantic Ocean’s biggest hurricanes are getting stronger more quickly than they were 30 years ago, according to new research. And they’re now gaining power in different parts of the Atlantic than was previously the case. It’s mainly down to a mysterious ocean cycle called the Atlantic Multidecadal Oscillation, which may be coming to the end of a period of warming….