Year: 2017
Most people have probably heard the phrase “garbage in, garbage out”. This concept holds true in any number of areas, and certainly in the field of risk management. No organisation can properly identify or manage its risks if the data input into the risk management process is deficient. Similarly, it’s impossible to identify or manage … Continued
There is a suite of legislative and other changes in the pipeline as we head toward 2018. Work Health and Safety Legislation Most prominently, as our readers are no doubt aware the Work Health and Safety and Other Legislation Amendment Bill was passed through Parliament mid-October, implementing key recommendations from the Best Practice Review of … Continued
The increasingly complex and often global nature of modern day supply chains exposes organisations to a range of risks. What generally used to be only a business continuity risk from possible supply chain interruptions, has evolved with the potential to raise safety, legal or reputational risks as well. This requires the procurement function to take … Continued
Having a Business Continuity Plan (BCP) implemented for your organisation is a strong protection against the negative consequences of disruptive events. However, it is not uncommon for an organisation’s BCP to fail them when it is most critically needed, due to a fundamental disconnect between what is really required to be documented, and what ends … Continued
The practice of audit reporting evolves over time, often as a result of technological advances and also in response to practical limitations in our time-poor contemporary society. Managers are generally looking for shorter and sharper formats, with clear indicators of any shortcomings and positive findings. The use of ‘traffic light’ reporting (or the use of … Continued
Whilst many organisations have developed Business Continuity Plans, the basis for documenting business continuity requirements is often not clear. In many cases there is uncertainty as to what a Business Continuity Plan is, what it should facilitate and what it should contain, with the lines between emergency management and business continuity often blurred. It is … Continued