Maintaining business as usual in the face of disruption requires resources for your business continuity program. While you can’t predict nor schedule disasters, you can plan to mitigate their effects.
Business continuity (BC) is defined as the capability of the organization to continue delivery of products or services at acceptable predefined levels following a disruptive incident. (Source: ISO 22301:2012). However, BCMS (Business Continuity Management System) and BCP (Business Continuity Plans) are not the same. I’ll explain the difference at a high level here.
A successful BCMS is built on four main components:
Management Support. This is a key component and a critical success factor for a successful BCMS. The foundation starts with senior management commitment. Without executive management support, problems will occur whend developing policies, resources allocation will be cloudy and integration with current business processes will be loosely defined.
Business Impact Analysis (BIA). After obtaining management buy-in, the BIA is a natural first step in developing the gap analysis and roadmap to a successful BCMS. This analysis identifies the activities that support the provision of services, assesses the impact of not performing these services over time, identifies dependencies and sets prioritized timelines. The BIA helps define the level of risk being assumed and the level of resiliency required by your business.
Risk Assessment. The risk assessment follows the impact assessment. Identify risks of disruption to prioritized activities and supporting people, processes, technology and resources, systematically analyze risk (threats, vulnerabilities, likelihood), evaluate which disruption related risk requires treatment (controls) and identify treatments commensurate with the business continuity objectives and based on risk appetite.
Business Continuity Plans. Business Continuity Plans (BCP) are a subset of Business Continuity Management. The BCP is the output of the BCMS in document form and consists of strategy, resource requirements, procedures, documentation, testing, performance monitoring/evaluation and more. These plans can be deeply detailed and complex, including crisis management, disaster recovery and business resumption components.
Business continuity is a living process and requires constant performance measurement and alteration. The heart of business continuity management is an ongoing cycle of analysis, design, implementation and validation. A business continuity plan is detailed and is part of an overall Business Continuity Management System. A successful BCMS requires management support, begins with an impact assessment, and results in ongoing plans that define the strategy for an organisations’ business continuity.
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