Business Continuity Management

Business Continuity Management is defined as "a holistic management process that identifies potential threats to an organisation and the impacts to business operations that those threats if realised, might cause; which provides a framework for building organisational resilience with the capability for an effective response that safeguards the interests of its key stakeholders, reputation, brand and value-creating activities." (Business Continuity Institute) 

Why is Business Continuity Management important?

Any business may become affected by the loss of the following organisational resources: 

• Staff (strike, pandemic)
• Premises (fire, flood, local evacuation)
• Technology (ICT)
• Information (paper, electronic)
• Supplies (power, fuel)
• Stakeholders (partners, clients, customers)

Having business continuity in place to mitigate the impacts of a loss of resource can reduce the disruption of a service and allows for contingencies to the most vital services.