Why Business Continuity Management?

Continuous Solutions support the view that effective governance in most organisations is achieved through the application of well designed systems for the management of risk. 

Most organisations deploy multiple means and methods for managing risk, ranging from common place controls such as: health and safety; physical and logical security; and HR policies, to more complex controls such: as financial management; project management; procurement management; and supply chain management.

The practice of Business Continuity Management is a holistic management process that should also be included as good practice within every organisations risk management strategy.

But why should Business Continuity Management be included?

These controls together with many others, help to protect the organisation, support the continuous delivery of services to clients and customers and, are key to the sustainable delivery of the organisations principle objectives.  In essence, the very principles therefore of Business Continuity Management.

Not all organisations will attach a name to it but almost all will, in some way or other, actively engage the principles of Business Continuity Management and embed them within their core activities. These in their most basic form include preventative measures such as buildings security, or corrective measures such as the regular backing up systems data.

More advanced organisation, will often not only recognise the value of the practice but will employ professional resource, in order to ensure the effective deployment of Business Continuity Management programmes and practices across their organisation.  In addition, they often provide significant funding to support the implementation of:

  • Robust preventative controls,
  • Incident management response structures and plans,
  • Business recovery strategies and plans,
  • Complex business recovery arrangements.

So what exactly is Business Continuity Management?

Business Continuity Management is therefore the term given to the practices of evaluating risk and associated impacts and, building resilience within a business/organisation and complementing this with implementation of strategies, plans, and capabilities that support the recovery of critical business activities in order to, minimize the impact on the business, maintain key services to customers and, protect the Brand, should a disruptive event occur.

Business Continuity Management (BCM) is defined as a holistic management process that identifies potential threats to an organisation and the impacts to business operations those threats, if realized, might cause, and which provides a framework for building organizational resilience with the capability of an effective response that safeguards the interests of its key stakeholders, reputation, brand and value-creating activities. (Source: ISO 22301:2012)” 

 

But we have insurance, surly that’s adequate protection?

The associated cost in maintaining these controls, would not be tolerated were they not seen as adding greater value to the protection of the organisation and in turn the mitigation of some of the risk.

Consequently, embracing these principles, to whatever extent or complexity, is a key contributor to the effective governance of any business, whatever the size, or nature.

Business Continuity Management is therefore a valuable tool in the “Risk Management Tool Box” and is a management principle that every organisation should be consciously applying.

Arguably, most organisation would prefer to avoid a disruptive incident occurring in the first place.  And secondly, would wish to be able to respond and react with maximum efficiency in order to avoid any unnecessary disruption to its customers clients and maintain a continuity of supply of its key products and services to them.

So, unlike insurance, that may provide at most a financial recourse following such an event, Business Continuity Management is designed to keep your organisations essential wheels turning, until normal operations can be reinstated. And, in turn avoid losing customers / clients, minimise financial losses, protect the reputation of the organisation, and help maintain the achievement of the strategic aims of the organisation.

OK, so where do I start?

Continuous Solutions is here to help support your organisation in effectively aligning your business continuity control environment, providing the assurance that your organisation needs, and in doing so, ensuring that you reap the benefits and value of best practice in Business Continuity Management.

Refer to Our Approach, and Our Products and Services to see how we can help you achieve this.

Please click here to contact us and explore further our services or to discuss your requirements in more detail.