What is Business Continuity Management?
The current business world is competitive, in all sectors and at all levels. One of the keys to entrepreneurship and business development is the continuity of projects and their planning. It is about maintaining the supports and details of a business in question, and doing so as quickly as possible,
avoiding disruptions in management and restoring full company functions, in cases of incidents and crises, in a fluid and rapid manner.
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What does a business continuity plan look like?
It's about anticipating and
prevent the emergence of some initially unpredictable situations. This would be the case of outbreaks of pests and diseases, computer and cyber attacks, fires and natural disasters, etc. On the technical side, the new IT security technologies available provide organizations with tools, such as:
Backup, to keep copies of data up to date in geographically distant locations. In this way, access to information and data is possible, although in some locations it may not be possible.
Business Continuity Management
The Business Continuity Plan (BCP) is a logistics plan, based on the
need that an organization may have maintain, restore or recover its critical functions, partially or totally interrupted for a certain period of time. It is the planning of business continuity. Effective business continuity is integrated within a discipline called
Business Continuity Management (in English,
Business Continuity Management o
BCM). In practice, two types of actions are planned: • On the one hand, there is the purely economic aspect
technological, of reaction to possible disasters. Some elements such as the backup copy, backup, can be very effective. • On the other hand, there would be the plan for
Restore business, of a more global nature and based on the different critical processes. For the implementation of this plan, the size of the company does not matter. That is, for any organization it is essential to have a protocol of
Disaster recovery or with a
business continuity planningAt some point, managers will have to deal with security incidents, events and special situations that halt the normal activity of the organization.
The phases of Business Continuity Management
There are a few steps required for a business continuity plan to be effective:
1. Risk assessment and analysis
This first phase would be what is called “business impact analysis,” and would contain an estimation report on the costs that would be entailed by the interruption of business processes.
2. Selecting the right strategy
The above report is intended to classify the different business processes of the organization, establish priorities and choose the strategy to follow when the situation to be responded to occurs. The strategy must reduce the risk of the threat occurring, eliminate it if it occurs and minimize its effects.
3. Development of the Plan
This contingency plan will have different procedures established for many possible external scenarios, defining the chain of command in the organization and the distribution of responsibilities.
4. Testing and maintenance
Business Continuity Plan maintenance actions may include emergency equipment rental, supplier location, and necessary hardware replacement. IT security actions should also include updating the backup copy periodically.
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