Business
Continuity Management - The Business Benefits
As with all major undertakings within an organisation,
it is essential to gain the backing and sponsorship of senior or
executive management. By far the best way to achieve this, rather
than through highlighting the negative, is to illustrate the positive
gains of having an effective Business Continuity Management process
in place.
The adoption of an effective Business Continuity Management process
within an organisation will have benefits in a number of areas,
examples of which include:
-
Protection of shareholder value
-
Reducing exposure to particular risks by methodical risk identification
-
Improved understanding of the business is gained through risk
analysis
-
Operational resilience follows on from implementing risk reduction
-
Downtime is reduced when alternative processes and workarounds
are identified
-
Compliance issues can be identified and managed for alternative
processes
-
Vital records can be maintained and protected
-
The implications for Health & Safety legislation and Duties
of care can be considered.
-
Improved operational effectiveness through a forced programme
of business process re-engineering
-
Better organizational resilience by designating alternative
people to support key processes and by defining and documenting
recovery processes
-
Protection of both the physical and knowledge assets of the
business
-
Preservation of markets by ensuring continuity of supply
-
Improved security
-
Avoidance of liability actions
Today good Business Continuity Management is not about being forced
into taking action to address external pressures. It is about recognising
the positive value of Business Continuity good practice embedded
throughout your organisation.
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