In recent times, companies have become more and more demanding, with globalised operations, tougher competition, increased market volatility and unprecedented sources of environmental, geopolitical, economic and technological uncertainty.
In this framework, organisations should certainly manage known risks and make sure they are aware of their main vulnerabilities and single points of failure. More importantly, organisations should be adequately prepared to deal with disruptions when they actually occur which could put company operations or even the entire business at stake.
This is what the Business Continuity Management (BCM) lecture held at EBRC on Tuesday 2 June 2015 and presented by Denis Goulet, CBCP, MBCI of “ContinuityLink” was all about: a standardised international process which identifies potential threats to an organisation and the impacts on business operations that those threats might cause. BCM provides a framework for building organisational resilience with the capability for an effective response that safeguards the interests of key stakeholders, management, employees, their reputation, brand and value-creating activities.
The ISO 22301:2012 standard was already introduced in May 2012. This International Standard specifies requirements for setting up and managing an effective Business Continuity Management System (BCMS), policies and procedures. It can be used for guidance or full certification depending on the size, maturity and needs of an organisation.
