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What is Business Continuity Management? |
Business Continuity Management (BCM) is defined as a holistic management process that identifies potential impacts which threaten an organization 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 (SS540:2008). Potential disruptions to the interests of these stakeholders would have to be identified, pre-empted or kept to a minimum. Business functions supporting value creating activities would have to be identified. Processes and resources would need to be established to ensure the continued operation of these functions due to disruptions. Business Continuity aims to safeguard the interests of an organization and its key stakeholders by protecting its critical business functions against predetermined disruptions.
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