Benefits of a Business Continuity Management System (BCMS) and ISO 22301

Can you put a price on peace of mind?

Whilst your organisation may already have business continuity plans (BCPs) in place, often these go untested and can quickly become outdated. Usually, they only cover the most obvious disasters too, ignoring the potential impact of business interruptions.

A BCMS aligned with the international standard, ISO 22301, will ensure your BCPs remain up to date and become part of your organisation’s culture. It will help you to effectively and continually mitigate BCM risks and adopt an integrated approach to managing business continuity.

Implement comprehensive and tailored BCPs

A BCMS enables organisations to assess the potential impacts of an operational disruption, to deploy effective BCPs and minimise the overall impact to the organisation.

Increase competitive advantage and corporate reputation

An effective BCMS will improve customer confidence in the organisation’s ability to respond to a series of incidents and events and maintain critical business operations should disaster strike.

Develop robust response and recovery procedures

ISO 22301 provides a robust framework for developing effective incident response and recovery procedures to ensure your organisation can recover quickly in the event of a disruption.

Protect assets, turnover and profits

An effective BCMS will ensure continuity of critical services to protect the business’s income stream, assets, and reduce the risk of further losses due to an interruption, incident or disaster.

Meet legal and regulatory requirements

Using ISO 22301 as a framework for your BCMS will provide evidence that the organisation 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 organisations to test, update, control and deploy effective BCPs, ensuring they are up to date, relevant and effective.

Reduce the cost of business interruption insurance

By implementing an ISO 22301 aligned BCMS, your organisation has better insights into the real impact of a potential disaster or interruption, which enables better evaluation of the type and value of insurance cover required.

Improve processes and organisational focus

Implementing a BCMS involves evaluating organisational processes to identify potential inefficiencies that can be improved, and helps your organisation focus on its objectives and direction.

 

For more information on how to achieve peace of mind for your business using ISO 22301 and a BCMS, please get in touch.

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