Be Structured Blog Images 3

If you want to focus on business growth, developing a risk management strategy is the first step to ensuring that technical failures, natural disasters, or other catastrophes don’t slow your business down.

At Be Structured, we think of risk as anything harmful or undesirable that can happen to your information technology platform and slow your small or medium-sized business down. Risk management is, therefore, the process by which you can cost-effectively protect your business operations, employees, and clients by identifying, mitigating, and preparing predetermined responses to disasters.

As always, managed service providers (MSP) can help you take your disaster recovery strategies to the next level. However, if you aren’t sure what that may look like, these eight fundamental steps are designed to get you started.

The Risk Management Process

1. Understand Your Risk Landscape

The logical first step to developing a risk management strategy is identifying, assessing, and document potential risks and how likely your business is to experience them. When clarifying context, you should be sure to identify risks together with:

  • The scope of risk (how widespread of an impact a disaster may have)
  • Key stakeholders (who may be impacted in the event of a catastrophe)
  • Existing resources (any current assets that may be of help during/after a disaster)
  • Ideal objective (what would be the ideal outcome following a given disaster)

As you’re pinpointing risks and their likelihood, you can get as detailed as necessary for each of these four key factors.

2. Identify the Root Causes of Risks

When thinking about risk management, the best outcome is a risk that you were able to avert. The next best scenario is the risk that you were prepared to respond to. As such, the next step is to clarify the root causes of likely threats.

Is there anything you can do right now to mitigate the chance of these risk crippling your business? For example, could a cloud computing platform reduce the risk of critical data loss following a fire that destroys your server room?

By identifying the root causes of disasters, you can take a proactive approach to catastrophes.

3. Assess Risks

Once risks and their root causes have been identified, you need to outline severity and probability. You can use measurable metrics to quantify these factors and a chart to prioritize risk management and disaster recovery strategies.

As you probably guessed, you’ll want to place more importance on a disaster with high risk and high stakes than a low-risk disaster. Because you likely won’t be able to deploy disaster recovery solutions all at once, the goal of the assessment stage is to help you clarify what needs to be addressed first along with which scenarios aren’t as critical.

4. Decide on Emergency Responses

Once you’ve identified and assessed your business’s risk, it’s time to start nailing down potential solutions and responses. Three general responses include:

  1. Avoidance or risk reduction: See Identify Root Causes above
  2. Retention: Accepting loss as it occurs
  3. Transfer: Finding another party to absorb the risk, like an insurance agency or IT partner

When deciding on an ideal response, you should weigh costs, benefits, and leverage one or more of these approaches to protect your business operations.

5. Develop a Risk Management Plan

A risk management plan can be as general or as detailed as you want. From breaking down each step that each employee needs to follow in the event of a catastrophe to a general outline of what needs to be done on a company-wide scale, having a written plan is critical to ensuring that everyone understands how to quickly respond following a disaster.

6. Deploy Risk Strategies

Once you’ve developed a concrete risk management plan, deploy your strategy by setting it down in writing, training your team members as needed, and installing the necessary infrastructure upgrades. Training is key to ensuring that everyone is made aware of your new policies and risk management procedures. The key to a successful risk management policy is ensuring that there are no surprises in the event that a disaster strikes.

7. Practice Disaster Responses

For more hands-on disaster preparedness plan, run regular practice drills to ensure that everyone on your team knows exactly what to do during and after a catastrophe. By practicing your disaster recovery, everyone will have the instinctual response to fulfill their role, minimizing operational downtime and getting your business back on track as soon as possible.

8. Evaluate, Review, and Evolve

As time unfolds, you’ll likely discover that your initial plans have room for improvement. In order to adapt to an ever-changing risk landscape, you need to continually adjust your risk management policy. As existing risk evolve and new threats emerge, your team needs to stay ahead to ensure that your business experiences continued growth by mitigating risk.

Los Angeles IT Support

If you’re a small or medium-sized business in the Los Angeles area, and you want to take your disaster preparedness to the next level, the team at Be Structured is here to help. Contact our experts today, and we’ll work with you to leverage the latest network solutions like cloud services, so you’re even better prepared for the unexpected.

Be Structured’s Trusted Tools

Our team has experience with working with a variety of risk management software programs. Each one of our clients has unique needs and budgets and we work to determine which programs will best address their needs. This list highlights some of the most popular IT services we work with, but don’t hesitate to contact us to learn about our experience with additional software and recommendations for your business:

  1. Professional Services Automation (PSA/Ticket System/CRM):
    1. Datto (Formerly known as Autotask PSA)
  2. Remote Management and Monitoring (RMM)
    1. Datto RMM (Primary – Formerly known as Autotask Endpoint Management or AEM and before that Centrastage)
    2. Kaseya (Secondary)
  3. Monitoring
    1. LogicMonitor
    2. RMM’s above do monitoring as well.
  4. Dashboards/Reporting
    1. BrightGauge (primary)
    2. LogicMonitor
    3. AutoTask
  5. Security
    1. WebRoot (AV/AM Primary)
    2. Windows Defender (AV/AM Secondary)
    3. SonicWALL (with Advanced Gateway Security Services and Capture ATP)
    4. Microsoft Local Administrator Password Service
    5. Microsoft MAPS and Capture ATP
    6. DarkWeb ID by ID Agent
  6. Data Center
    1. CoreSite (Primary)
    2. zColo/Zayo (Secondary)
  7. Backup and Disaster Recovery
    1. Unitrends
    2. Backup Radar
    3. Datto BDR
  8. Email Security (Spam Filtering, Message Archiving, Encryption)
    1. Reflexion
  9. Documentation and Password Management
    1. IT Glue
  10. Two Factor/Multi Factor Authentication (2FA/MFA)
    1. Duo
  11. Mobile Device Management
    1. Citrix AirWatch
  12. Server/Workstation Hardware Providers
    1. Dell (Primary)
    2. HP
    3. Lenovo
    4. Apple
    5. Microsoft
  13. Network Hardware Providers
    1. Ubiquiti (Primary)
    2. Sonicwall (Primary)
    3. Dell / Force10 / Brocade (Secondary)
    4. HP (Secondary)
    5. Fortinet (Secondary)
  14. Software Providers
    1. Gsuite – Google
    2. Microsoft Office 365
    3. Etc.

35 thoughts on “Developing a Risk Management Policy

  1. I want believe that almost all companies go through a form of risks and as such there should use a good IT Consulting like Be Structured to fight it

  2. Looks like a job description of a IT Support. My brother belongs in this industry and to a degree this is his job. You must be tech savvy for this though.

  3. The process discussed here can work in any system. It could also be used in laying out disaster risk reduction plans for the community. The tools presented are indeed specific and it only goes to show that this is a good IT consulting firm.

  4. Any reasonable business owner should know that If one wants to focus on business growth, developing a risk management strategy is the first step to ensuring that technical failures, are tackled and a good IT service should be sort.

  5. Planning it early will definitely help you with your business smoothly. Identifying its risk and the plan will really help you a lot with the help of the trusted IT services, you are in good hands.

  6. Developing a risk management strategy is one way a company can prevent natural disasters to affect the company.. Los Angeles MSP can be contacted to take care of this…

  7. It takes a lot to be able to develop a really good risk management plan. Any computer company worth their salt should know better to be prepared against a lot of risks.

  8. A risk management plan seems very convenient, is better to prevent the risks instead of losing data. Los Angeles IT Services is always looking for ways to help business to prevent this risks.

  9. This is a brilliant Los Angeles MSP. While conducting a detailed risk management plan may be timely, it is definitely crucial for sustained functionality and operations at any workplace. Knowing how to differentiate between threats and root causes is a key feature for any business.

  10. I’m glad there’s IT outsourcing to help handle all the delicate issues as pertains to security. Most companies don’t have the technical capacity to maintain their own security.

  11. With such a wide array of tools Be Structured is the best equipped Los Angeles Computer company when it comes to security. Keep up the amazing job!

  12. What a great Los Angeles MSP this is. You practically have all the necessary tools to provide the perfect IT security services.

  13. I trust Be Structured as the best company for Los Angeles IT outsourcing as they have a very good team of experts with some of the best tools in the market. I can never go wrong with Be Structured.

  14. For Los Angeles IT support I fully recommend Be Structured as the best MSP in the area. It’s always good to have the best by your side 🙂

  15. Los Angeles IT Support sure has it in a roller coaster huh? One minute they are role playing the other depending on the threat the system can rely so much on them. Part of the job I guess.

  16. For all risk management issues of any company I will recommend this Los Angeles IT outsourcing company. Let them take all the right risk management policies for all companies that need their services.

  17. I like how your company as the best Los Angeles MSP tackle the issue of Risk management harmful or undesirable thing that can happen to your information technology platform which slows your small or medium-sized business down.

  18. It’s good to be prepared in the act of a disaster and have insider recovery strategies. I think the services offered by this Los Angeles IT Service are essential for companies to progress in the current age of cyber transactions. I like that it’s a continual process that includes writing, testing and emergency protocols. Thanks for the article.

  19. An intricate risk management policy is vital for any IT support team for the longevity of an organization. Thanks a lot for the informative piece.

  20. A computer company with no risk management policy is one that is setting itself up for failure. It is imperative that it has one.

  21. When coming up with a risk management policy it’s good practice to engage in thorough IT consulting. There is so much to consider if it is to be done right.

  22. Is it possible to do IT outsourcing for development of a risk management policy. Sometimes an organization may not have adequate expertise to come up with one on their own.

  23. Be Structured is the only Los Angeles MSP that can handle issues as complex as development of a risk management policy. They are so much experienced and professional.

  24. A Risk Management Plan will surely save a company from such attacks. Heard it from the best Los Angeles IT Support.

  25. Every company should look into this. This is a key needed that the best Los Angeles IT Outsourcing provides us.

  26. This should be a given to all computer company. As long as the policies are good and people oriented. Employees usually revolt if the policies are unfair and all.

  27. When thinking about risk management, the best company to sort is Be Structured the best outcome Los Angeles IT Consulting company. There can help acert that

  28. When once a company develop a concrete risk management plan, deploy strategy by setting it down in writing, then training the team members with this outstanding Los Angeles MSP is the best bet.

  29. Any Los Angeles computer company that invests in development of a sound risk management policy is immune from a lot of cyber threats. Many more companies should pick up this practice.

  30. For a company whose specialization is not IT, the development of a risk management policy is best left for professionals through IT outsourcing. Thank God we have Be Structured for this.

  31. Before doing a risk management policy development, it’s imperative to do IT consulting so that you don’t miss anything in your policy. Nothing should be left to chance when talking security issues.

  32. A good Los Angeles MSP such as Be Structured can do an amazing job in developing a risk management policy. No wonder they are winning so many awards.

Leave a Reply

Your email address will not be published. Required fields are marked *