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organization is capable of planning for, responding
to, coping with, and recovering from, major disruptions to "normal"
operations.
In Overview…
The modern business environment is characterised by risk. Organisations
define objectives, develop strategies, and set targets and budgets
but even the best-laid plans are subject to the unforeseen. Unfortunately
the chances of an organisation suffering a major disruption to its
business are real, and, incidents are on the increase. Acts of terrorism,
natural disasters, fraud and commercial espionage have all increased
in recent years.
Business Continuity Management is a proven risk management discipline
which helps to ensure that your organisation can continue to operate
following an incident. It's all about advanced planning and preparation
in order to mitigate as much risk as is appropriate while limiting
the effects of any damage arising in the wake of a crisis.
Some Common Risks…
These might include:
- damage or denial of access
to premises, perhaps as a result of terrorism, fire, flood etc
- loss of critical support
services such as IT systems, telecommunications and power
- human error, technical
or environmental breakdown
- fraud, sabotage, extortion,
or commercial espionage
- infiltration of IT systems
by viruses and other forms of malicious software
- industrial action or the
unavailability of key staff
- failure or non-performance
of critical suppliers, distributors or other third parties, particularly
where key business functions have been outsourced
The Essential Elements…
There are three principle elements to Business Continuity Management:
- reducing or avoiding identified
risks (on the basis that prevention is better than cure)
- planning for, responding
to, coping with and recovering from disruptions to business processes
should a risk materialise and damage occur
- transferring of all or
part of the risk to a third party (e.g. an insurer, or via outsourcing)
You can download more
information from our resource site
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