In preparing for battle have always found that plans are useless, but planning is indispensable.
General Dwight Eisenhower
No business can afford to have the lights off, not for a second! One can monitor and reduce risk, but incidents will happen.
What is Business Continuity Management:
Organization's business strategies and decisions are based on the assumption that the Organization will continue to operate as normal ona daily basis. While Risk Management is about identifying possible risks and putting into place treatments to try to prevent an occurrence that impacts on its operations, Business continuity Management BCM) detail is the necessary procedures and strategies that are to be auctioned should an actual disruption occur. The objective of Business Continuity Management is to ensure the uninterrupted availability of all key business resources required to support essential or critical) business activities.
The Business Continuity Management framework sets out the process and tools necessary to enable rapid response to incidents, recovery of key processes and restoration to the core business activities Business As Usual). The Business Continuity Management Framework is based on the preparation of
- “Business continuity Plans BCP) for key areas and activities of the Organization
- “Disaster recovery planning for critical infrastructure and resources
- “ Communication and media liaison strategies, and
- “ Crises management and recovery, and emergency planning.
Link to Risk Management
This story is from the February 2023 edition of THE INSURANCE TIMES.
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This story is from the February 2023 edition of THE INSURANCE TIMES.
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