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Business Continuity can be described as a methodology of conducting day-to-day business, whereas Business Continuity Planning is the activity of determining what that methodology should be. The result is a Business Continuity Plan that is followed by everyone in an organization on a daily basis to ensure normal operations even during a crisis or following a catastrophic event.
To maintain business operations/services when faced with a disruptive event.
The essence of business continuity is knowing that things do go wrong and having contingency plans in place to mitigate the impact on the business. For Business Continuity to be meaningful, it needs to be developed as a management system with a framework for its implementation, management and continuous improvement.
Business Continuity Management (BCM)
Business continuity management (BCM) has become an increasingly important element of an organization’s risk mitigation strategy. Effective BCM can enable an organization to reduce its exposure to disruptive events by implementing mechanisms to limit the impact of an incident on business processes and operations, and to provide reputational resilience in the most difficult of circumstances through the development of a comprehensive business continuity management system (BCMS).
BCMS aims to proactively manage all business processes, assets, facilities, supply chains and human resources to ensure that the business will function at its highest capacity, and to minimize any unscheduled business interruption and the effects thereof. The latter is achieved by implementing crisis management and disaster recovery plans.
Some of the benefits include: competitive advantage; strengthening client relationships; advantage in tendering for business; preserving and enhancing reputation; increasing share value; better understanding of your organization; cost savings; more reliable supply chain; better protection against uninsurable risks...
As a Business Continuity specialist, ECCS can help your organization through every stage of developing a BCMS, including planning, implementing, integrating, operating, monitoring, reviewing, maintaining and improving. We can also act as facilitator and assist in training. A BCMS would also include a incident/crisis management plan and a disaster recovery plan. BS 25999 can be used as guidelines to provide a framework for an effective BCMS.