What is BCM and why do you need it!

BCM (otherwise known as Business Continuity Management) is a model for identifying an organisation’s risk of exposure to internal and external threats.

The goal of BCM is to provide the organisation with the ability to respond to threats, such as natural disasters or breaches in data, and help ensure the business can maintain critical functions and continue their daily business operations to the best of their ability.

  • What exactly is ISO 22301, a business continuity management is a system that focuses on the importance of Business Continuity and readiness needs, as well as the necessity for establishing enterprise continuity, management policy and objectives?
  • Implementing and operating controls and measures for managing an organisation’s overall continuity risks
  • Monitoring and reviewing the performance and effectiveness of the business continuity management system
  • Continual improvement based on objective measurements

There are three core components of Business Continuity

 

  1. Crisis Management Plan

    The Crisis Management Plan provides the critical communication mechanics necessary to ensure employee safety, provide initial information and direction and organise ongoing actions.

  2. Disaster Recovery Plan (IT)

    The Disaster Recovery Plan typically refers to the plans in place to restore essential information technology (IT) systems and applications that enable critical business processes.

  3. Business Resumption Plans

    The business resumption plans are specific to each critical business function and articulate the concrete steps necessary to enable respective process (e.g.. payroll).

It’s vital to have a reliable BCM system in place to be compliant as a business to both internal and external stakeholders. It is also critical when your enterprise is storing vital information on their customers.

You Might Also Like

IT Risk Management: How to Protect Your Company’s Digital Assets

Governance, risk, and compliance (GRC) refer to an ecosystem of ethics and regulatory structures that companies have to meet. However, many companies don’t consider internal governance, outside risks, and regulatory compliance all at once as one integrated system. Companies make a mistake when …

4 reasons why you should reduce silos with technology

4 reasons why you should reduce silos with technology Legacy IaaS technology systems were originally developed to meet departmental needs in business. Now innovative SaaS systems create robust integration, enterprise-wide. So why have many enterprises continued to be…

Five Key Traits Of Great Technology Officers

The Age Of Innovation And The Chief Technology Officer The digital era has created a plethora of threats, risks, values and opportunities for organizations. However, until recently, there has not been a dedicated […]

Leave a Comment

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

we will be in touch within 24 hours.