Why is Business Continuity Management Important?
The answer is clear. Winston Churchill once said: āHe who fails to plan is planning to fail.ā
With no business continuity management practice in place, your organization exposes itself to unnecessary financial risks, loss of reputation, regulatory violations, and even (fatal) injury.
What are some of the most typical reasons why business continuity management fails?
- The people creating the business continuity plans are not experienced
- The roles to take on during a crisis are not assigned
- Unclear criteria about when to activate the business continuity plan
- The continuity plans do not cover enough possible crisis scenarios
- There is no plan to resume to normal working
- Business continuity plans are not regularly tested and reviewed
- The continuity plans are not shared
When considering the above, is it clear that there is a need for a structured approach for the management of business continuity.
What is Business Continuity Management?
Business continuity management (BCM) is the capability of an organization to continue the delivery of products or services at pre-defined acceptable levels following a disruptive incident. The recent pandemic is a good example of such incident. Other examples are:
- Power Outages
- Network Interruptions
- Natural Disasters
- Inclement Weather
- Disruption of Transit Systems
- Crime
BCM also involves defining these potential risks. Business leaders plan to identify and address potential crises before they happen. They then test BCM procedures to ensure that they work, and periodically review the process to make sure that those are up to date.
A BCM framework outlines the planning process for developing prior arrangements and procedures to enable an organization to respond to a disruptive event. Such framework is comprised of:
- Policies and strategies
- A business impact analysis
- A risk assessment
- Validation and testing procedures
- Incident identification criteria
- Disaster recovery procedures
- Roles of communication and management of business continuity
ISO 22301 is an international standard that provides guidance on implementing a business continuity management capability.
What is ISO 22301?
ISO 22301 is a management system standard published by International Organization for Standardization that specifies requirements to plan, establish, implement, operate, monitor, review, maintain and continually improve a documented management system to protect against, reduce the likelihood of occurrence, prepare for, respond to, and recover from disruptive incidents when they arise.
Organizations that implement a business continuity management system (BCMS) based on the requirements of ISO 22301 can undergo a formal assessment process through which they can obtain accredited certification against this standard. A certified BCMS demonstrates to internal and external stakeholders that the organization is adhering to good practices in business continuity management.
ISO 22301 Certification and Education
ISO 22301 certification training and education targets the ability of an organization to manage business continuity.
The target audience of our ISO 22301 Fundamentals training course is anyone working for an organization. This includes leadership, management, and team members. The course aims to raise awareness and understanding.
Why INTERPROM As Your Educator?
Why would you have us educate you on this important topic? Because it is our prized and knowledgeable educators who make us who we are. They possess and share their decades-long of hands-on business continuity management experience. And that is during every class that they teach. You definitely want to be the beneficiary of this. As a result, this makes INTERPROM a top pick for all your business continuity management training needs.
In addition, all our instructors have led dozens of organizations towards ISO 22301 certification. Therefore, you can be assured that the training you are being provided with is of quality. Above all, it is rich in real-world business continuity management content. In other words, it is backed by the promise of our instructorās experience.
Students from around the globe have attended our courses.
For the ISO 22301 training course listed above, click on āLearn Moreā for the course curriculum, course prerequisites, the intended audience, the exam preparation, the delivery formats and course fees.