The benefits of a business continuity management system
Whilst your organization may already have business continuity plans (BCPs) in place, often these go untested and can quickly become outdated.
A BCMS aligned with the international standard, ISO 22301, will ensure your BCPs remain up to date and become part of your organization’s culture. It will help you to effectively and continually mitigate BCM risks and adopt an integrated approach to managing business continuity.
How an ISO 22301-compliant BCMS benefits you
Implement comprehensive and tailored BCPs
A BCMS enables organizations to assess the potential impacts of an operational disruption, to deploy effective BCPs and minimize the overall impact to the organization.
Develop robust response and recovery procedures
ISO 22301 provides a robust framework for developing effective incident response and recovery procedures to ensure your organization can recover quickly in the event of a disruption.
Protect assets, turnover, and profits
Effective BCM will ensure continuity of critical services to protect the business’s income stream, assets, and reduce the risk of further losses due to an incident or disaster.
Meet legal and regulatory requirements
Using ISO 22301 as a framework for your BCMS will provide evidence that the organization has taken the necessary steps to comply with certain regulatory requirements and director’s duties.
Monitor and test your BCP to ensure you are prepared
A BCMS enables organizations to test, update, control, and deploy effective BCPs, taking into account organizational contingencies and capabilities as well as the business needs.
Reduce the cost of business interruption insurance
By implementing an ISO 22301 aligned BCMS, your organization has better insights into the real impact of a potential disaster, which enables better evaluation of the type and value of insurance cover required.
Increase competitive advantage and corporate reputation
An effective BCMS will improve customer confidence in the organization’s ability to respond to a series of incidents and events and maintain critical business operations should disaster strike.
Improve processes and organizational focus
Implementing a BCMS involves evaluating organizational processes to identify potential inefficiencies that can be improved, and helps your organization focus on its objectives and direction.
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