the risks management platform Business Continuity? With Riesko we can!

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Business Continuity? With Riesko we can!

Business Continuity? With Riesko we can!

Business Continuity Management helps to identify the organization potential threats and their impact on the business activities, should they occur. Besides it provides a capability for an effective response that safeguards the interests of its major stakeholders, company reputation, trademark and generating value activities.

Business Continuity process is characterized by different steps:

  • Organizational context definition
  • Risk Identification
  • Risk Analysis
  • BC Strategy Definition
  • BC Development and Implementation procedures
  • Running and Testing
  • Performance Valuation and Improvement
Potential incidents that may threaten Business Continuity are different and may refer to natural disasters such as earthquakes, floods, fire, volcanic eruptions, etc and to some organizational specific internal issues such as key assets supplying suspension, IT Systems malfunction, etc.

An effective Business Continuity Management is a key factor because it allows companies to:

  • Identify, protect and assure the continuity to main products and services provided;
  • Keep alive incident management capabilities and provide effective remedy;
  • Understand company organization and its relationship with other companies, emergency services, compliance authorities and federal organizations, etc;
  • Ensure that employees are properly trained to face effectively an incident or a business interruption;
  • Ensure Stakeholders requirements are correctly understood and may be observed;
  • Assure that people receive effective communication and support in case of business interruption;
  • Ensure Supply Chain Continuity;
  • Ensure company reputation protection;
  • Maintain compliance to laws and industry rules;
  • Maintain financial controls while the incident is occurring.

RIESKO supports the Business Continuity governance with:

  • The definition of the organizational context, from the definition and design of a detailed organizational chart, up to the Risk criteria definition related to Business Continuity
  • The implementation of the company framework for Risk identification, Risk Analysis and Treatment
  • The detailed definition and design of the preventive treatment actions and the reactive procedures to manage emergencies.
  • The continuous performance monitoring with a detailed data system analysis, with an extensive subsystem for statistics and report elaboration.