Business Continuity Management (BCM)
Continued operations if any disruption occurs, whether due to a major disaster or a minor incident, are an essential requirement for any given organisation.
Business Continuity Management (BCM) is about preparing an organization to deal with disruptive incidents that might otherwise prevent it from achieving its objectives.
ISO 22301:2012 specifies requirements to plan, establish, implement, operate, monitor, review, maintain and continually improve a documented management system to protect against, reduce the likelihood of occurrence, prepare for, respond to, and recover from disruptive incidents when they arise.
The requirements specified in ISO 22301:2012 are generic and intended to be applicable to all organizations, or parts thereof, regardless of type, size and nature of the organization. It is especially relevant to organisations which operate in high-risk environments such as finance, telecommunications, transport and the public sector, where the ability to continue operating is most essential for the organisation itself and its customers and stakeholders. The extent of application of these requirements depends on the organization’s operating environment and complexity.
The benefits are extensive and cover many organisational areas:
- It provides a common framework, which is based on international good practices in order to manage effectively business continuity.
- It improves in a proactive manner the organisation’s resilience when it is faced with disruptions to its ability to achieve its main objectives.
- It provides a practised method of restoring an organisation’s ability to deliver crucial products and/ or services to an agreed level and timeframe following a disruption.
- It gives an established response in order to manage effectively a disruption.
- It facilitates the protection and enhancement of the organisation’s reputation and brand.
- It provides a competitive advantage by opening new markets and helping an organisation win new business.
- It enables a clearer understanding of how the entire organisation works and can assist in identifying opportunities for improvement.
- It shows that applicable laws and regulations are being observed.
- It generates an opportunity to reduce costs due to internal and external BCM audits and may also reduce business interruption insurance premiums.
Business Continuity is sometimes confused with disaster recovery, but they are separate entities. Disaster Recovery is a small subset of business continuity. Disaster Recovery Plan should be oriented towards recovering after a disaster whereas a Business Continuity Plan shows how to continue doing business until recovery is accomplished.
The term Business Continuity describes a mentality or methodology of conducting day-to-day business, whereas Business Continuity Planning is an activity of determining what that methodology should be. The Business Continuity plan may be thought of as the incarnation of a methodology that is followed by everyone in an organization on a daily basis to ensure normal operations.
ABIUD Solutions gives the opportunity to any kind/type of company to implement Business Continuity Management System and get certified with Accredited Certification Body for ISO 22301:2012.