Business Continuity is an integral part of the organization’s risk management and corporate governance objectives. It is the Board of Director’s responsibility to ensure that a viable Business Continuity Management (BCM) solution is in place to protect the company from a disastrous incident
disrupting critical operations.
By focusing on the impact of disruption, BCM identifies those products and services upon which the organization depends for its survival, recognizing the requirements for the organization to continue to meet its obligations during a serious disruption.
Through BCM, an organization can identify what must be done before the incident occurs to protect its people, premises, technology, information, supply chain, stakeholders and reputation.
An incident could be as a result of a fire, flood, power failure, telecoms outage, staff casualties, computer viruses and hardware or software failure.
The consequences of the above may involve loss of life, loss of assets, loss of income and market share, or the inability to deliver products and services on which the organization’s strategy, reputation or even survival may depend.
BCM provides a tested method of restoring the company’s ability to supply key products and services after disruption, whilst additionally preserving brand and reputation.