How to develop a risk assessment programme for your vendor's BCP capabilities and their impact on your organisation

Michael Marshall

Journal of Business Continuity & Emergency Planning, 2007, vol. 1, issue 4, 340-347

Abstract: The paper discusses the inherent risk of relying on critical third-party service providers and how customer organisations would be affected if those vendors experienced an incident or disaster. Not all companies could recover from a devastating event like September 11th or a major hurricane, epidemic or pandemic. Indeed, without viable business continuity planning (BCP), many enterprises would simply go out of business. This is one reason why a company's vendors should all have a feasible BCP, regardless of company size. Those companies that do not plan sufficiently for an incident/disaster will be much less likely to recover if such a disastrous event befalls them. The case is made for developing an enterprise-wide vendor management programme that has BCP assessments as a key component, and is covered with process considerations and real-world examples. Identifying these risks and sharing this information with an organisation's senior management is essential to enhance risk mitigation strategies regarding vendor BCP risk.

Keywords: vendor BCP risk and assessment programme; critical third-party service providers; vendor management (search for similar items in EconPapers)
JEL-codes: M1 M10 M12 (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations:

Downloads: (external link)
https://hstalks.com/article/5010/download/ (application/pdf)
https://hstalks.com/article/5010/ (text/html)
Requires a paid subscription for full access.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aza:jbcep0:y:2007:v:1:i:4:p:340-347

Access Statistics for this article

More articles in Journal of Business Continuity & Emergency Planning from Henry Stewart Publications
Bibliographic data for series maintained by Henry Stewart Talks ().