Business continuity planning (BCP) is
a management process that helps manage the risks to the smooth running
of an organization or the delivery of a service, thereby ensuring that
it can continue to operate in the event of a disruption. The whole
process is sometimes referred to as business continuity management (BCM).
The Business Continuity Institute defines this process as follows:
“Business Continuity Management (BCM) is an holistic management process
that identifies potential business impacts that threaten an organization
and provides a framework for building resilience with the capability for
an effective response that safeguards the interests of its key
stakeholders, reputation, brand and value creating activities.”
BS 25999-1:2006 is an auditable
certification standard that defines the requirements of a robust
Business Continuity Management System. It can be used by all
organizations, in all industries and industry sectors giving confidence
to all stakeholders that all foreseeable contingencies have been catered
for.
Why Business
Continuity?
Building-in business continuity and
making it part of the way you run your business, helps prepare you to
offer ‘business as usual’ in the quickest possible time, rather than
having to ‘fire-fight’ any emergency. Without effective business
continuity planning, a natural or man made disaster, such as:
fire, adverse
publicity,
loss of key personnel and or premises,
floods and storms, computer failure, theft, bomb threat, technical or
environmental failure, power failure, product contamination, failure of
critical suppliers or major clients...
… could result in any one or more of
the following:
a complete
failure of your business, loss of income, loss of reputation, loss of
customers, financial, legal and regulatory penalties, human resource
issues, and/or an impact on insurance payments.
The resulting plan could involve:
·moving to another part of the
office or building;
·moving to another location;
·staff giving up their work
areas;
·transferring jobs, or
·staff working from home.
Therefore, it is just as important
that small organizations as well as large corporations ensure that
critical services are maintained and employees understand what is
expected of them in the event of a business continuity incident. Call
EQM Ltd to find out how easy developing a Business Continuity System can
be.