What is BCM
Business Continuity Management (ISO 22301) identifies potential threats to the organization and their impact on itsoperation. The BCM Framework helps build a flexible yet effective process management style that protects the interests of stakeholders as well as the company's key assets.
What is BCM
BCM is a comprehensive process of business continuity management
Business Continuity Management is about identifying areas that can interrupt, paralyze, or otherwise affect the operation of an organization in the event of a failure. The course focuses on the implementation of business impact analyzes, testing responses to threats, and the implementation of recovery plans. From a strategic point of view, Business Continuity Management focuses on minimizing financial impacts, increasing efficiency and creating a competitive advantage with the help of Business Continuity Plans.
Benefits
By implementing Business Continuity Management you gain
Financial savings
Although investing in the education of managers and the time spent on implementation represents a financial cost, according to statistics, it represents only a fraction of the cost of resolving crisis situations. ISO 22301 makes it possible to obtain better insurance conditions.
Head start
There is no better way to emphasize the security and trustworthiness of your organization to clients. ISO 22301 certification issued by an internationally accredited certification body is in many cases also a qualification criterion for obtaining a contract.
Increased efficiency through standardization
The BCM framework according to ISO 22301 is based on the internationally proven planning model "P-D-C-A", ie Plan - Do - Check - Act, which was also in the previous edition of BS 25999.
Immediate rectification of accidents and incidents
In the event of incidents, interruptions in functionality, or service outages, you will be able to switch to emergency backup mode. You will use the time gained to address not only the consequences, but especially the causes of these threats.
Controlled continuity
By implementing business continuity processes, you get a comprehensive overview of your organization. Managers use the system to improve and realize new opportunities.
Compliance with EU legislation and requirements
Business Continuity Management helps to comply with the regulations of the Act on Cyber Security and Personal Data Protection. Certification facilitates the way to obtain EU subsidies.
Continuous improvement
As part of certification audits, the organization is obliged to carry out internal audits at least once a year. A proactive approach to BCM revision has been shown to improve system efficiency.
Reputation protection
ISO 22301 certification strengthens the image of a reliable and secure organization. If your strategy is to succeed in the markets other than by offering the lowest price, the ISO 22301 premium certificate will help communicate the benefits.
Plan B
Why is it good to also have a plan "B" ..?
The results of companies that have certified organizations according to ISO 22301 speak for themselves ...
RISK MANAGEMENT
86% believe that BCM planning improves business resilience. Improved mitigation of risks and robust platform for continued operation.
FINANCIAL PERFORMANCE
71% reported increased revenue (gained from new business and customers as well as retention of existing customers). Improved commercial health and growth of the business.
BUSINESS RECOVERY
82% reported improved speed of recovery from incidents and disruptions. Improved continuity of business operations and ability to provide a seamless product/service to customers in the case of unexpected disruptions.
OPERATIONAL IMPROVEMENTS
87% activating BCM arrangements said that they effectively reduced business disruptions. Organization is better placed to foresee and prevent disruptions through Business Impact Analysis.
CORPORATE REPUTATION
83% cite enhanced reputation and image amongst key stakeholders (including clients and shareholders). Improved confidence and external image as a reputable and reliable supplier.
COST BENEFITS GAINS
81% confirmed that the cost of developing BCM plans was justified by the benefits. Reduced costs associated with downtime and disruption.
