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Business continuity management (BCM) is a process of planning for any disruptive incidents. It involves identifying potential threats to the organization and analyzing the impact on day-to-day operations. An effective BCM ensures that the business can provide minimum acceptable service in the event of a disaster and helps preserve the corporate image, reputation and revenue.
BCM is a form of insurance. It gives the comfort of knowing if disaster strikes, it won’t be devastating. Without a management system in place, a disruption isn’t only a major hassle and a source for reputational damage. It can also lead to extensive delays that may cause irreparable financial damage. BCMs can be tailored to help organizations prepare for any number of disruptions including:
The main reason to implement business continuity management is to ensure that your business process remain operational in the event of a disruption. There are also other reasons to adopt the system like:
The organizations operating in critical infrastructure industries will be required to implement incident response capabilities in line with the requirements of EU’s directive on security of network and information systems. Implementing effective BCM is the best practice approach to manage business interruptions and incidents to meet directive’s requirements.