"Adopt Risk Management Approaches" Says Business Continuity Planning Experts
KUALA LUMPUR, 23 September 2011 --There has been a growing demand for having a Business Continuity Plan (BCP) in place as the risk-aware culture becomes more prevalent among businesses operating in today's ever dynamic environment.
According to Dr Goh Moh Heng PHd BCCE DRCE BCCLA who leads the management team for both BCM Institute and Business Continuity Consultancy firm, GMH Pte Ltd in the recent Meet the Experts Seminar, both practices of Business Continuity and Risk Management share common objectives although the former focuses on identifing and mitigating risks before they happen, whereas the latter focuses on planning for recovery after a disaster (risk) occurs. As a result, both practices inevitably correlate with each other while helping organizations in spelling their business strategies from preempting risks to dealing with inoperability of busineses.
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| A structured risk analysis and review outcome is fundamental in prescibing an organizations' risk strategies leading to setting up of an effective Business Continuity Plan (BCP) | Knowing the unknown remains as a major challenge to risk managers and organizations. |
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| Winners of the BCM Institute's facebook fan page lucky draw contest with speakers, Mr Nehru Nagappan DRCE of Malaysian Biotechnology Corporation Sdn Bhd and Dr Goh Moh Heng PHD BCCE DRCE BCCLA, President of BCM Institute. |
Mr Nehru Nagappan DRCE, Vice-President, Corporate Technology & Enablement Department for the Malaysian Biotechnology Corporation Sdn Bhd sharing his case study on Risk Analysis and Review of his organization. |
Business Continuity and Disaster Recovery thought leaders and practitioners including senior executives managing risks, IT, audit and compliance gathered during the seminar to take a closer look on the methodology and its processes in conducting a risk analysis and review for Business Continuity Planning. Also presenting was Mr Nehru Nagappan DRCE, Vice-President, Corporate Technology & Enablement Department for the Malaysian Biotechnology Corporation Sdn Bhd who presented on how his organization which has taken into account the risks of being located near to the country's iconic landmark, the Petronas Twin Towers. "The outcome of a structured risk analysis and review that includes identification of possible threats and probabilities lead to a firm recovery strategy and towards the development of a Business Continuity Plan." reminded Dr Goh.
For more information on Business Continuity training programmes covering the Business Continuity Management methodology in detail, please visit http://www.bcm-institute.org/bcmi10/en/business-continuity-course.
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