BUSINESS CONTINUITY MANAGEMENT

Business Continuity Management (BCM) is a growing and increasingly valued component that supports effective organisational risk management.

Driven primarily from increasing corporate governance expectations across FTSE 250 organisations and those regulated by the Financial Services Authority, BCM is now seeing significant growth across the supply chains that support these organisations in meeting their business objectives.

Since the introduction of the 2005 Civil Contingencies Act, Public Sector bodies are now themselves obliged to introduce Business Continuity Management to their organisations as part of improving their risk management practices.

For many years organisations have aimed to protect their stakeholders from loss, through insurance provisions. It is increasingly recognised, that effective management of risk is delivered through the alignment of both preventative and corrective controls and insuring against the residual financial impact.

To add to the equation, the risks faced by today's society are ever changing. Currently, Terrorism, Flu Pandemics, fuel and energy restrictions, and IT security continue to be high profile in the media. However, there are other risks that reside much closer to our door step: