Developing Business Resiliency Objectives

Client Need Summary:

The recognition of risk of and tolerance for loss or damage due to certain events is the beginning of resiliency planning. Identifying and quantifying acceptable risk parameters, based on industry-specific economic forces, compliance guidelines and the competitive advantage desired, are critical components. Developing and quantifying business resiliency goals will guide the organization in every successful step in the process.

Eagle Rock Approach:

• Prioritization of the processes that are most critical to the success of your organization.
• Quantification of the amount of risk you can assume based upon a financial milestone or a percentage representation.
• Identification of the best practices as entertained by others in your industry.
• Comparison of your requirements to those of your industry.

The Solution:

Business Resiliency Objectives, documented or undocumented, serve as the basis for all risk mitigation protection, as derived during the Business Impact Analysis process. Fully documenting and formalizing the Resiliency Objectives enables enterprise leadership the opportunity to align philosophy, process and tactics, with planning and practice to ensure consistent and predictable resiliency, emergency response and recovery practices, and related insurance and protection measures.