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Iceberg Webinar: Adding relevant financial context to your BCM program

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In this webinar, we’ll discuss the benefits to establishing a meaningful dollar value, and we’ll show examples of hourly cost reports within a GRC solution.

By adding this business context, you’ll add more consistency, transparency and meaning to your BCM program, allowing you to make more effective decisions and investments.

Published in: Business
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Iceberg Webinar: Adding relevant financial context to your BCM program

  1. 1. Adding  relevant  financial   context  to  your  BCM  program   WEBINAR  •  APRIL  3,  2018    
  2. 2. Delivering Risk Intelligence Melissa  Cohoe   DIRECTOR  OF  IMPLEMENTATION   &  INTEGRATION     Maria  Tao   GRC  DEVELOPER     Today’s  presenters  
  3. 3. Delivering Risk Intelligence Use  data  to  drive   for  your  risk  program   meaning  
  4. 4. Delivering Risk Intelligence Which  conversation  is  more  meaningful?   What’s  my  risk?   Lots!   What  will  my   risk  be  if  I   implement  this?   Less!   ???  
  5. 5. Delivering Risk Intelligence Which  conversation  is  more  meaningful?   What’s  my  risk?   If  we  have  an   outage  we  will   lose  $100,000   What  will  my   risk  be  if  I   implement  this?   If  we  have  an   outage  we  will   lose  $25,000   trust   confidence   informed   certainty   meaning  
  6. 6. Delivering Risk Intelligence Scenario  A   High   criFcality   Low  recovery   Fme  capability   RemediaFon   plan  cost  =   $50k  
  7. 7. Delivering Risk Intelligence $25k/hour   revenue   4  hours   recovery  Fme   $100k  per   outage   Upgrade   implemented!   RemediaFon   =  $50k   Scenario  B  
  8. 8. Delivering Risk Intelligence A  change  of  perspective   Adherence-­‐driven   risk  management   Business-­‐driven     risk  management   Features   Outcomes   Precision   Understanding  
  9. 9. Delivering Risk Intelligence Business-­‐Driven   Risk  Management   ü  Requires  a  culture  shi[   ü  Change  reacFvity  to  proacFvity   ü  Change  your  business  partners  from   reluctant  parFcipants  to  acFve   stakeholders.   ü  Change  the  conversaFon  from     “because  we  have  to”  to     “because  it  is  in  our  best  interest  to”     ü  This  is  a  criFcal  step  for  GRC  maturity.  
  10. 10. Delivering Risk Intelligence Outcome-­‐focused  
  11. 11. Delivering Risk Intelligence Outcome-­‐focused  BCM   ü  IdenFfy  &  remediate  business  conFnuity  risks   ü  Know  what  to  do  if  there  is  an  interrupFon   ü  Provide  trusted  info  to  ORM,  execuFves,  etc.   meaning  à    impact  à  value  
  12. 12. Delivering Risk Intelligence Understanding  (versus  precision)   What  will  my   risk  be  if  I   implement  this?   If  we  have  an   outage  we  will   lose  $57,350.  
  13. 13. Delivering Risk Intelligence Keep  it  simple,  and  just  start!   ü  IdenFfy  data  that  will  provide  the  most   meaning  and  value  to  your  program;   prioriFze  its  collecFon.   ü  Data  which  will  drive  decisions   ü  Focus  on  financials  
  14. 14. Delivering Risk Intelligence Keep  it  simple,  and  just  start!   ü  Minimize  miscellaneous  or  informaFonal   data  collecFon.   ü  Make  sure  data  has  a  purpose  and  feeds   outcomes  of  the  program.   ü  Maximize  engagement  by  end-­‐users  because   they  can  see  the  impact   ü  Minimize  clucer  
  15. 15. Delivering Risk Intelligence Keep  it  simple,  and  just  start!   ü  Avoid  analysis  paralysis.   ü  Start  where  you  are  –  do  not  wait  for   perfecFon!   ü  Gain  specificity  in  flight.   ü  If  it  gives  you  more  informaFon  than  you  had   before,  it’s  a  measurement,  no  macer  how   fuzzy.   ü  RTC  4-­‐6  hours.  Loss:  $100k-­‐$150k   ü  $50k-­‐$60k  to  resolve   ü  New  RTC:  1-­‐2  hours  Loss:  $25k-­‐$50k.    
  16. 16. Delivering Risk Intelligence Use  data  to  drive   for  your  risk  program   meaning  
  17. 17. Delivering Risk Intelligence Demonstration  
  18. 18. Delivering Risk Intelligence Use  data  to  drive   for  your  risk  program   meaning  
  19. 19. Delivering Risk Intelligence Outcomes  for  Operationalizing  BCM   ü  IdenFfy  the  “crown  jewels”  of  the   corporaFon.   ü  Know  crown  jewel  readiness  to  recover.   ü  High  user  adopFon  of  BCM  program.   ü  Apply  a  consistent  workflow  for  plan   creaFon,  tesFng,  and  findings.   ü  Understand  the  Recovery  Time  ObjecFve/ Recovery  Time  Capability  gap.  
  20. 20. Delivering Risk Intelligence A  full  lifecycle  of  GRC  services   Management   Workshops   Visioning  &  Alignment   CMO/FMO   KRI/KxI   Professional   Services   ImplementaFon   &  IntegraFon   SoluFon  Lifecycle   Management   Iceberg   APS   Dedicated  &     On-­‐Demand  Support   Mentoring,  Coaching     &  Skills  Development   Sandboxes     Risk  Intelligence   Academy   Case  Studies   Best  PracFces   Webinars     GRC   InnovaTon   ReporFng  /  Dashboards   Toolkits  &  Enhancements      
  21. 21. Delivering Risk Intelligence Melissa  Cohoe   DIRECTOR  OF  IMPLEMENTATION   &  INTEGRATION     Maria  Tao   GRC  DEVELOPER     Q&A  
  22. 22. Thank  you!   Webinar  replay:  icebergnetworks.com  

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