What Is the Connection Between Crisis Management and Business Continuity?
Business Continuity Management (BCM) is an integrated management process that enables companies to recognize potential crises and related impacts, and formulate response, business, and continuity recovery plans. The overall goal is to improve the business Risk prevention capabilities to effectively respond to unplanned business disruption and reduce adverse effects.
Business continuity management
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- Chinese name
- Business continuity management
- Foreign name
- Business Continuity Management
- Short name
- BCM
- begins at
- Disaster Recovery in the United States in the 1970s
- Business Continuity Management (BCM) is an integrated management process that enables companies to recognize potential crises and related impacts, and formulate response, business, and continuity recovery plans. The overall goal is to improve the business Risk prevention capabilities to effectively respond to unplanned business disruption and reduce adverse effects.
- Ensuring that the principal business operations of the institutions are continuously operational at all times. [1]
- A business continuity management system focuses on the importance of understanding continuity, preparing requirements, and establishing business continuity management system strategies and goals.
- Implement implementation and operational controls and measures to manage the organization's overall continuity risk.
- Monitor and check the performance and effectiveness of business continuity management systems.
- Continuous improvement based on objective criteria.
- Structural components of a management system with business continuity management system functions: a strategy. A person who assigns roles and responsibilities.
- Management processes associated with strategy, planning, implementation, operation and maintenance, performance evaluation, management inspection and promotion.
- Documents that provide reviewable evidence.
- Organization-related business continuity management processes.
- A prerequisite for a business continuity management system based on the above standards is that the BCMS design should reflect the needs of the organization and shareholders.
- This standard does not enforce uniform structure of business continuity systems. Organizations can use the BCMS framework as an effective starting point when developing a new BCM plan. Organizations that have established a BCM system can use the BCMS framework to support process improvement activities.
- The content of a business continuity management system is determined by a number of factors, including management needs, organizational needs, and industry needs; the company's products and services; existing processes; the size and structure of the organization, and the needs of shareholders. [3]