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The simplest way to determine if a program is executable is to measure the level of residual risk across its critical recovery plans. What is residual risk? Residual risk is the risk that remains after all efforts have been made to identify and eliminate risk (i.e., your mitigating controls). The concept of residual risk has been around for many years but has not typically been applied to the field of BCM. By measuring residual risk, you can identify and quantify the specific areas that are limiting the capability and recoverability of your recovery plans. Why Measure Residual Risk at the…

ABOUT THE AUTHOR

Michael Herrera

Michael Herrera is the CEO of MHA Consulting, a leading business continuity planning and information technology consulting firm. Herrera is the founder of BCMMetrics, which specializes in business continuity software designed to aid organizations in developing and executing business continuity programs.

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