For businesses in our region, the disruption caused by last summer’s floods was for some merely an inconvenience, while for others; they were nothing short of a catastrophe. It is clearly disingenuous to suggest that those firms who had undertaken some form of Business Continuity Management (BCM) were the ones least affected, but at least these were the firms who were perhaps better able to manage the ensuing issues, having prepared at least in part, for them happening. Of course, no-one could foresee the events of late June, but proper BCM can assist a firm to prepare for any number of impacts upon the business, however caused.
BCM is a holistic management process that identifies potential impacts that threaten an organisation and provides a framework for building resilience and the capability for an effective response that safeguards the interests of its key stakeholders, reputation, brand and value creating activities.
For those firms seeking to build a BCM capability, the following are the key points that need to be considered:
All of the above are discussed in the The Business Continuity Institute’s (BCI) recently published ’The Good Practice Guidelines (2007)’, which describe the key steps in building a BCM capability and follows BS25999-1, the BSI’s standard on BCM.
Of course, implementing a BCM initiative can be a complex task, requiring resource, time and money, all of which means that probably the most important aspect of any BCM initiative is the buy-in and engagement of senior management to ensure that the initiative gets the focus that it requires and deserves. Spending money preparing for something that might never happen is rarely a priority for company executives, but as the events of the summer showed, unexpected things do happen and by being prepared for them, firms can at least mitigate some of the side effects.
Contact details
Email:
Jonathan Boulton
Tel:
+44 (0)113 288 2080