We have blogged about business continuity planning many times. And how as a business you can go about creating an effective business continuity plan
One thing which is key to business continuity planning is that it is a constant, ongoing process. Simply writing a business continuity plan isn’t enough. It needs to evolve to reflect the current status of your business as well as the risk factors your business may face.
With this in mind, we take a look at business continuity management (BCM) and in particular the business continuity management lifecycle.
What is Business Continuity Management?
ISO 22301 is the international standard for Business Continuity Management (BCM). It defines business continuity management as:
“Holistic management process that identifies potential threats to an organisation and the impacts to business operations those threats, if realised, might cause, and which provides a framework for building organisational resilience with the capability of an effective response that safeguards the interests of its key stakeholders, reputation, brand and value-creating activities.”
The standard sets out 5 stages which it sees as integral to BCM and as a result the creation of a business continuity plan.
What are the stages of business continuity management?
The ISO 22301 sets out 5 stages for the BCM lifecycle:
Why is business continuity management important to your business?
No business wants to think about the worst happening. But unfortunately, disaster can strike any business. From natural events such as flooding, or fires through to human error. Whatever the event, your business should be prepared, aware of the actions to take and the business areas to prioritise if you should be impacted.
Put simply, a business with a well thought out and well-maintained business continuity plan will be better equipped to deal with recovery following a disaster than a business without a plan.
At First Recovery, we can be the specialist support team at your side in the event of a disaster. Get in touch with us today to see how we can help assure your business continuity.