Why Business Continuity is important

Business Continuity Management 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 which safeguards the interests of its key stake holders, reputation, brand and value creating activities (Business Continuity Institute & BS 25999).

Business Continuity Management (BCM) is relevant to any organisation, large or small, from any sector. It is particularly relevant for those organisations which operate in high risk environments such as finance, telecommunications, transport and the public sector, where the ability to continue operating is essential, both for the organisation itself, and its customers and stakeholders.

By implementing a Business Continuity Plan your business will increase its recovery capabilities dramatically. And that means you can make the right decisions quickly, cut downtime and minimise financial losses. Preparedness is the key. It gives confidence. Having Business Continuity Management (BCM) in place demonstrates a duty of care to your customers and suppliers.

10 things you should know about Business Continuity Management

  1. People support what they help create
  2. Business Continuity Management is not the same as Disaster Recovery
  3. Business Continuity Management is not just about the plans
  4. Business Continuity Management can help differentiate companies
  5. Implemeting Business Continuity Management can save you money across the business
  6. Having good Business Continuity Management is great for your reputation even after an adverse event
  7. Your IT infrastructure costs may be too high
  8. Insurance may not cover all your losses
  9. Lower insurance premiums
  10. It’s a very security conscious thing to do!

Courtesy: Talking Business Continuity


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