ISO 22361 in IT Asset Management Dataset (Publication Date: 2024/01)

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Discover Insights, Make Informed Decisions, and Stay Ahead of the Curve:



  • How much time is spent looking at alternatives, in conjunction with any BCP and crisis management planning?


  • Key Features:


    • Comprehensive set of 1614 prioritized ISO 22361 requirements.
    • Extensive coverage of 153 ISO 22361 topic scopes.
    • In-depth analysis of 153 ISO 22361 step-by-step solutions, benefits, BHAGs.
    • Detailed examination of 153 ISO 22361 case studies and use cases.

    • Digital download upon purchase.
    • Enjoy lifetime document updates included with your purchase.
    • Benefit from a fully editable and customizable Excel format.
    • Trusted and utilized by over 10,000 organizations.

    • Covering: Cybersecurity Risk Assessment, Self Service Activation, Asset Retirement, Maintenance Contracts, Policy Guidelines, Contract Management, Vendor Risk Management, Workflow Automation, IT Budgeting, User Role Management, Asset Lifecycle, Mutual Funds, ISO 27001, Asset Tagging, ITAM Best Practices, IT Staffing, Risk Mitigation Security Measures, Change Management, Vendor Contract Management, Configuration Management Database CMDB, IT Asset Procurement, Software Audit, Network Asset Management, ITAM Software, Vulnerability Scan, Asset Management Industry, Change Control, Governance Framework, Supplier Relationship Management, Procurement Process, Compliance Regulations, Service Catalog, Asset Inventory, IT Infrastructure Optimization, Self Service Portal, Software Compliance, Virtualization Management, Asset Upgrades, Mobile Device Management, Data Governance, Open Source License Management, Data Protection, Disaster Recovery, ISO 22361, Mobile Asset Management, Network Performance, Data Security, Mergers And Acquisitions, Software Usage Analytics, End-user satisfaction, Responsible Use, Asset Recovery, Asset Discovery, Continuous Measurement, Asset Auditing, Systems Review, Software Reclamation, Asset Management Strategy, Data Center Consolidation, Network Mapping, Remote Asset Management, Enterprise Architecture, Asset Customization, IT Asset Management, Risk Management, Service Level Agreements SLAs, End Of Life Planning, Performance Monitoring, RFID Technology, Virtual Asset Management, Warranty Tracking, Infrastructure Asset Management, BYOD Management, Software Version Tracking, Resilience Strategy, ITSM, Service Desk, Public Trust, Asset Sustainability, Financial Management, Cost Allocation, Technology Strategies, Management OPEX, Software Usage, Hardware Standards, IT Audit Trail, Licensing Models, Vendor Performance, Ensuring Access, Governance Policies, Cost Optimization, Contract Negotiation, Cloud Expense Management, Asset Enhancement, Hardware Assets, Real Estate, Cloud Migration, Network Outages, Software Deployment, Asset Finance, Automated Workflows, Knowledge Management, Predictive maintenance, Asset Tracking, Asset Value Modeling, Database Asset Management, Service Asset Management, Audit Compliance, Lifecycle Planning, Help Desk Integration, Emerging Technologies, Configuration Tracking, Private Asset Management, Information Requirements, Business Continuity Planning, Strategic Asset Planning, Scalability Management, IT Security Plans, Resolution Steps, Network Monitoring, Information Technology, Security Information Exchange, Asset Depreciation, Asset Reliability, Hardware Refresh, Policy Enforcement, Mobile Application Management MAM, Cloud Asset Management, Risk Assessment, Reporting And Analytics, Asset Inspections, Knowledge Base Management, Investment Options, Software License Agreement, Patch Management, Asset Visibility, Software Asset Management, Security Patching, Expense Management, Asset Disposal, Risk Management Service Asset Management, Market Liquidity, Security incident prevention, Vendor Management, Obsolete Software, IT Service Management ITSM, IoT Asset Management, Software Licensing, Capacity Planning, Asset Identification, Change Contingency, Continuous Improvement, SaaS License Optimization




    ISO 22361 Assessment Dataset - Utilization, Solutions, Advantages, BHAG (Big Hairy Audacious Goal):


    ISO 22361


    ISO 22361 is a management standard that guides organizations in incorporating alternative solutions into their business continuity and crisis management plans, with the goal of reducing the time spent on decision-making during emergencies.


    - Automated inventory tracking: Reduces manual efforts and increases accuracy.
    - Comprehensive data analysis: Provides insights for making informed decisions.
    - Effective vendor management: Ensures timely and cost-effective procurement.
    - Regular audits: Identifies potential risks and ensures compliance with regulations.
    - Continual process improvement: Allows for optimization and cost savings.
    - Cloud-based solutions: Can be accessed from any device, enabling remote inventory management.
    - Integration with BCP and crisis management planning: Streamlines processes in times of emergency.
    - Standardization of processes: Ensures consistency and reduces errors.
    - Use of barcode/RFID technology: Increases efficiency and minimizes human error.
    - Customizable reporting: Provides real-time visibility into assets for better decision-making.

    CONTROL QUESTION: How much time is spent looking at alternatives, in conjunction with any BCP and crisis management planning?


    Big Hairy Audacious Goal (BHAG) for 10 years from now:

    In 10 years, my big hairy audacious goal for ISO 22361 is that it becomes the global standard for Business Continuity Management and Crisis Management planning. This means that every organization, regardless of size or industry, will have not only implemented ISO 22361 but also regularly review and revise their processes to align with its best practices.

    Additionally, I envision that ISO 22361 will be used not just for crisis situations, but also for proactive risk management and strategic planning. This will involve a cultural shift towards a more proactive and integrated approach to managing potential disruptions and crises.

    I also hope that in 10 years, ISO 22361 will have evolved to incorporate emerging technologies such as artificial intelligence and machine learning, making it even more efficient and effective in identifying and mitigating risks.

    Moreover, this widespread adoption of ISO 22361 will lead to a decrease in the amount of time spent looking at alternatives and contingency plans, as organizations will have a well-established and robust BCM and crisis management plan in place. This will ultimately result in better preparedness and resilience for organizations facing unexpected challenges.

    Overall, my goal for ISO 22361 in 10 years is to create a global community of organizations that are resilient, agile, and ready to face any disruption or crisis that may come their way.

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    ISO 22361 Case Study/Use Case example - How to use:



    ISO 22361 is a standard that provides guidelines for crises management and business continuity planning (BCP). It focuses on the design, implementation, and maintenance of a structured crisis management system to effectively mitigate the impact of disruptive incidents on an organization′s operations. One of the key aspects of this standard is the importance of considering alternative strategies while developing a BCP and crisis management plan. This case study will explore the client situation, consulting methodology, deliverables, implementation challenges, KPIs, and other management considerations related to the amount of time spent on alternative analysis in conjunction with BCP and crisis management planning.

    Client Situation:
    The client, XYZ Corporation, is a medium-sized manufacturing company that specializes in producing automotive parts. The company has been operating for over 20 years and has established itself as a trusted supplier to various leading automobile companies. However, the industry is highly competitive, and any disruption in the supply chain can have severe consequences for the company′s operations. Considering the potential risks, the management team at XYZ Corporation decided to seek consultation from a certified ISO 22301 consultant to develop a comprehensive BCP and crisis management plan.

    Consulting Methodology:
    The consulting methodology followed for this engagement was a multi-step process that involved conducting a thorough risk assessment, developing a BCP, and implementing a crisis management plan. This process was guided by the ISO 22361 standard, which emphasizes the need for considering alternative strategies while developing a BCP.

    Step 1: Risk Assessment – The first step of the consulting process was to identify and analyze potential risks that could disrupt the company′s operations. This involved conducting a comprehensive risk assessment that covered both internal and external threats.

    Step 2: BCP Development – Based on the results of the risk assessment, the consulting team worked closely with the management team at XYZ Corporation to develop a BCP. This plan included identifying critical processes, establishing recovery time objectives (RTO), and outlining response strategies for potential disruptions.

    Step 3: Crisis Management Plan Implementation – The final step was to develop and implement a crisis management plan, which would act as a roadmap for responding to disruptive incidents. This included creating an incident management team, defining communication protocols, and outlining roles and responsibilities.

    Deliverables:
    The consulting team delivered a comprehensive BCP and crisis management plan to XYZ Corporation, including the following key deliverables:

    1. Risk Assessment Report – This report outlined all the potential risks identified and assessed during the risk assessment phase.

    2. Business Continuity Plan – The BCP provided a roadmap for restoring critical processes in case of a disruptive incident. This included RTO, recovery point objectives (RPO), and alternative recovery options for each process.

    3. Crisis Management Plan – The crisis management plan defined the steps to be taken in case of a disruptive incident. It included procedures for communication, decision-making, and escalation.

    Implementation Challenges:
    During the engagement, the consulting team faced several challenges, both technical and organizational. One of the main challenges was the lack of available data for risk assessment. Due to this, the team had to work closely with the company′s management team to gather the necessary information through interviews and workshops. Another challenge was managing resistance to change within the organization. The implementation of the BCP and crisis management plan required significant changes in the company′s operations, which were met with reluctance from some stakeholders.

    KPIs:
    To measure the success of the engagement, the consulting team identified the following key performance indicators (KPIs):

    1. Time spent on alternative analysis – This KPI measured the amount of time spent on researching and analyzing alternative strategies during the BCP development process.

    2. Recovery Time Objective (RTO) – The RTO KPI tracked the time taken to restore critical processes after a disruptive incident.

    3. Reduction in downtime – This KPI measured the reduction in downtime during a disruptive incident as a result of implementing the BCP and crisis management plan.

    Management Considerations:
    A successful implementation of the BCP and crisis management plan requires significant support and involvement from the top management. The consulting team recommended establishing a crisis management team comprising senior leaders from various departments to ensure effective decision-making and swift response during a crisis. Additionally, regular training and simulations were recommended to ensure the plan remains relevant and effective.

    Conclusion:
    ISO 22361 provides valuable guidelines for effective BCP and crisis management planning. By considering alternative strategies during the planning process, organizations can improve their readiness to respond to disruptive incidents. The consulting methodology followed for this engagement, along with the KPIs and other management considerations, helped XYZ Corporation develop a robust BCP and crisis management plan, ensuring the company′s resilience and ability to recover quickly from any disruption. Through this engagement, the client was able to understand the value of considering alternatives in conjunction with BCP and crisis management planning, leading to improved overall business continuity and risk management.

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