Have you been wondering what impact the GFC had on the practice of risk management? If so, then you will be interested in this report from the Economist Intelligence Unit (EIU), “Fall guys : Risk Management in the front line“. The report is free to download. The EIU is associated with The Economist magazine, and [...]
… the new BCM process (AS/NZS 5050 Pt3)
October 10, 2010 By 5 Comments
In this final part of the review of AS/NZS 5050 I will look at the third key part of the model – the Process. The process is illustrated in the graphic at right, and is essentially the risk management process derived from AS/4360 and ISO-31000. While this may seem to be contrary to conventional BCM [...]
… AS/NZS 5050 (The Framework)
October 7, 2010 By Leave a Comment
The earlier post in this series compared and contrasted some of the general principles of the standard. This post will address the framework section of the standard. As shown in the previous post, the standard uses a similar approach as is ISO 31000 – the model in composed of Principles, Framework and Process. The graphic [...]
… review of AS/NZS 5050 (Pt 1)
October 4, 2010 By 4 Comments
This post is the first in a series looking at different standards in the Business Continuity and Resilience arena. The obvious place to start is with the newest players in this space – the Australian Standard. This standard has had mixed response – the most extreme views coming form the Business Continuity Institute as I noted [...]
… BCM heresy
September 21, 2010 By 3 Comments
Heresy : “a controversial or novel change to a system of beliefs, especially a religion, that conflicts with established dogma.” (Wikipedia) Dogma : “is the established belief or doctrine held by a religion, ideology or any kind of organization: it is authoritative and not to be disputed, doubted, or diverged from.” (Wikipedia) The heresy being [...]
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