Business continuity management (BCM) is the development of strategies, plans and actions that provide protection or alternative modes of operation for activities or business processes which, if they were to be interrupted, might otherwise bring a seriously damaging or potentially fatal loss to the enterprise.
BCM is a companywide process consisting of three primary components:
BCM is not the continuity and/or recovery of all business processes and functions simultaneously. Only critical business processes that have a material impact on the company should be planned for and recovered within a realistic recovery window. BCM is a process rather than a one-time event. As such, plan updates should take place annually or when significant business process change occurs, whichever is sooner.
Strengthening the Process
In an optimized organization:
When evaluating the strength of the BCM process, consider the following questions:
Long-Term and Short-Term Benefits
BCM delivers performance benefits throughout the organization, improving the following aspects:
Business continuity and disaster recovery processes may lower insurance business interruptions and insurance premiums, reduce the personal liability of executive management and the board of directors, and identify antiquated controls that are no longer useful or cost-effective. Although it is difficult to quantify, business continuity plan team members become extremely knowledgeable about key business processes throughout the organization, thereby facilitating interdepartmental communication and cooperation.
The business continuity process may highlight inefficiencies and redundant processes that can be improved or eliminated, therefore reducing operating costs. It may also provide ideas for new revenue-generating avenues. In specific industries, such as telecommunications, a well-managed continuity or high-availability product offering can be sold as an additional service to corporate customers. The product offering may give the organization a unique edge in the marketplace.
You can read more on this topic by exploring these tools on KnowledgeLeader:
Business Continuity Management Capability Maturity Model (CMM)
Business Continuity Management Methodology
Business Continuity Management Guide
Business Continuity IT Process Questionnaire