By practicing business continuity management bcm, organizations can protect their operations from unforeseen, disasterlevel events. John fitzgerald kennedy when disaster strikes, recovery is not. This thesis examines what a business continuity plan bcp should comprise off, as. Business continuity management bcm is defined in iso 22301 as an holistic management process that identifies potential threats to an organization and the impacts to business operations that those. The following tollfree phone number has been set up to contact cgs at its bcp facility if relocation is deemed necessary. International journal of business continuity and risk management. Identifying and defining the key components of a viable bcm. The research surveys large irish enterprises in 2004 and again in 2009 with a view to determining how business continuity management bcm has evolved during this five year period.
Pdf business continuity management planning methodology. This thesis is the final part of the master of science in risk management and safety. The business continuity plan is a tool to assist in preparing for disasters that could leave resources such as personnel, records, information, housing and physical facilities unavailable for both short term. Pdf business continuity management systems bs 259992 in.
This essay should draw on a wide range of literature relating to regulatory, legislative and businessorientated drivers for business continuity management bcm and consider the challenges faced by bcm managers in the initiation and implementation of bcm. Business strategies and performance during difficult economic conditions for the department of business innovation and skills bis john kitching robert blackburn david smallbone. Business continuity management, business continuity planning, bcm. Resilience as a way to improve business continuity. Business strategies and performance during difficult economic conditions for the department of business innovation and skills bis john kitching robert blackburn david smallbone small business research centre, kingston university sarah dixon school of management, bath university june 2009. The value of a business continuity management plan from a shareholders perspective 2 preface this thesis, written during the spring 2007, is the last part in my master of science in mechanical engineering at lund institute of technology. Volume 19 number 1 disaster risk reduction and response a framework for disaster management continued from page 1 management. The evolution of business continuity management in large. Develop your strategy to deal with business risks step 4. Called societal security business continuity management systems, iso 22301 outlines requirements. Planning a new and global standard for disaster and business continuity management will be released in early april 2012. The most significant difference between risk management and business continuity management relates to the output of each process.
Renaissance capital maintains crisis response and business recovery plans to facilitate the management of any incident which has the potential to harm our staff, damage. Pdf this paper explains the concept of business continuity management. Influence of organizational resources and structure on. Business continuity management essay, essay get example. The report is using the framework of business continuity planning approach and is em. Risk management strategies either risk avoidance,risk acceptance,or risk mitigation through risk. But, there can be problems within such organisations and, according to research published in the international journal of business continuity and risk management, specific personal motives, organisational opportunities and deviant behaviour can lead to whitecollar crime. Business continuity management is all about understanding the subject matter and applying common sense. Protiviti subject business continuity management, business continuity planning, bcm, bcp, business continuity, business continuity strategy, regulations, risk, risk management, enterprise risk management, risk assessment, business impact ana. Bia is a logical process to identify business significant systems and activity as sign to any business continuity, disaster recovery, or emergency planning effort and reveal vulnerabilities and planning component to develop strategies for minimizing risk. This article investigates the extent to which the jordanian banking sector uses business continuity management bcm as a way to manage organizational risk, disasters and crises, as well as business. Threats to business continuity 85% of business continuity managers fear the possibility of a cyberattack. Business continuity management and the digital preservation of processes.
The value of a business continuity management plan from a. This essay should draw on a wide range of literature relating to regulatory, legislative and. Hiles, a, the definitive handbook of business continuity management, 2007. One represents danger and the other represents opportunity. The p rolonged suspension of operations in a disaster situation makes it difficult. This thesis, written during the spring 2007, is the last part in my. Business continuity management is not just about having systems in place for backups and to fall back on.
Business continuity management bcm is a holistic management process that identifies potential threats to an organization and the impacts to business operations those threats, if realized, might cause, and which provides a framework for building organizational resilience with the capability for an effective response that safeguards the. Business continuity management is the key to business resilience today. Essentially, business continuity management is about. Ijbcrm is a refereed international journal that provides a professional and scholarly forum in the essential field of business continuity and risk management with particular emphasis on decision. Introduction to business continuity management barclay. Protiviti subject business continuity management, business continuity planning, bcm, bcp, business continuity, business continuity. Business continuity management when written in chinese the word crisis is composed of two characters. Submitted in partial fulfillment of the requirements for the degree. Use iso 22301 to protect your business, your reputation, and minimize financial loss in the case of an incident. Bc, dueling recovery plans, disaster recovery journal, volume 18, issue 2. Business continuity management for information technology wwhhaatt iiss bbccmm a subject that covers disaster recovery, crises management, risk management controls and technology recovery.
There needs to be a mindset change in the employees who operate these systems and hence what is needed is the ability to switch to the backup system or the offshore site and resume operations within no time. It may be used as a stepbystep guide by those new to business continuity management or dipped into by the more seasoned professional for ideas and updates on specific topics. The most significant difference between risk management and business continuity management relates to the. Microsoft word business continuity program executive summary sca 2014. Business continuity ma nagement system bs 25999 2 in po land. This book is a guide to implementation of worldclass business continuity management within an enterprise. But because bcm is an emerging discipline, bcm practitioners are. Identified companies with established, effective supply chain bcp processes 2. This paper explains the concept of business continuity management bcm with the specific focus on the bcm planning process and methodology. Renaissance capital views business continuity management bcm as a fundamental part of its ability to protect its staff and fulfill its fiduciary responsibilities to clients. Integrating disaster and business continuity planning. Box 10878 1st floor gosi complex exhibitions road, manama kingdom of bahrain abstract. Introducing iso 22301 business continuity management. Business continuity page cusip global services business continuity plan bcp, calls for the relocation of cgs operations from new york city to its offsite facility in the event of an emergency.
International journal of business continuity and risk. Conducted case studies of these firms and their practices, through the implementation of a grounded case study research protocol yin, 1994 3. The model has been validated by strong performance in real events. The impact of social media as a customer relationship. Page 2 business continuity management for small to mediumsized businesses sme be prepared business continuity management bcm is about identifying those parts of your business that you. Business continuity and disaster recovery university of california. Departmental business continuity plan boston college. This bcm planning methodology 2 started with the author being tasked to develop. Business continuity bc and business continuity management bcm business continuity bc is defined by iso 22301 and iso 223 as the capability of the organisation to continue delivery of products or services at acceptable predefined levels following a disruptive incident business continuity management bcm is defined in iso 22301 as. Unfortunately, not many organizations are aware of the fact how crucial a business continuity plan is to their operating business and internal. Placing business continuity management in the context of strategic planning sp will help organizations to cope with a wide range of unexpected incidents before, during and after their occurrence. Evaluate your business continuity management lund university.
See also business continuity, which is an antonym for business interruption. However, to guarantee success, it is necessary to go through a holistic framework. International journal of hybrid information technology. Business continuity planning at financial institutions. The research surveys large irish enterprises in 2004 and again in 2009 with a view to. Business continuity management survey 2006 showed that, less than fifty percent50% of uk organizations have business continuity plan in place and swartz 2003 revealed that only twenty.
Planning a new and global standard for disaster and business continuity management will be. Business continuity planning at financial institutions helps to mitigate such systemic risks. Professional practices for business continuity planners. Unfortunately, not many organizations are aware of the fact how crucial a business continuity plan is to their operating business and internal affairs. Using program management to manage business continuity. A drp is a manual of instructions for individual people to perform specific tasks.
Business continuity management strategy and policy page 1 of 18 official revision and signoff sheet change record date author version comments 2012 0. This paper examines a methodologythe thin business continuity program management structure tbcpmsthat can help. Business continuity management policy statement and strategy. Page 2 business continuity management for small to mediumsized businesses sme be prepared business continuity management bcm is about identifying those parts of your business that you cant afford to lose such as information, stock, premises, staff and planning how to maintain these if an incident occurs. Test and update your plan a guide to business continuity planning 5 steps to business continuity planning 9 bcm management step 4 implementing step 2. Before entering into the maintenance phase of any bcm. But because bcm is an emerging discipline, bcm practitioners are often more focused on overcoming barriers to realizing their objectives. Strategic management does parttime work make employees more efficient.
And, more importantly, it provides a completely common sense approach to creating and maintaining a business continuity management system. An investigation into business continuity plan bcp failure during. The concept of business continuity management bcm has gained wide acceptance in recent years and it is key for the survival of any contemporary organization during crisis. Business continuity management is a luxury in times of recession critically discuss the above statement. Business continuity management when written in chinese the word crisis is composed of two. Effective practices in business continuity planning for. Supplementary notes the views expressed in this thesis are those of the author and do not reflect the official policy or position of the department of defense. While these steps provide visual clues as to the amount of execution time to. Business interruption means that a business has to halt its operations partially or completely due to a disruption in its internal or external environment. A guide to business continuity planning renfrewshire. The council is committed to ensuring robust and effective business continuity management as a key mechanism to restore and deliver continuity of key services in the event of a disruption or emergency. Pdf a sustainable business continuity management plan bcm is. Business continuity management bcm is a process that focuses on counteracting organizational risk, disasters and crises.
The integration of different dimensions in the bcm implementation is critical. The purpose of the thesis is to explore business continuity management and create a business. Today, some organizations implement bcm without focusing on the integration of important aspects. Chain management, risk handling and business continuity. Business continuity management and strategic planning.
The integration of different dimensions in the bcm. A step towards resilience, creating a business continuity plan for. Fundamentals of business continuity management 2 if there is a management of money or property among two or more parties a fiduciary responsibility is created. Definition and scope of business continuity management 3 drivers of business continuity management 5 role and responsibilities checklists. An empirical study for measuring the factors of business continuity to face business disaster akram jalal karim management information system department college of business and finance, ahlia university p. Use iso 22301 to protect your business, your reputation, and minimize financial loss. Business continuity management 2 impact analyses youtube. Business continuity refers a comprehensively managed effort to prioritize key business processes, identify significant threats to normal operation, and plan mitigation strategies to ensure effective and efficient organizational response to the challenges that surface during and after a crisis asis. Specific characteristics of businesstobusiness b2b a defining characteristics within b2b context is the high degree of interaction and the longterm nature of business relationships homburg et al.
1231 1571 559 439 849 1400 641 1396 1421 1357 58 1127 371 294 686 607 418 407 1162 1251 1213 895 949 1421 1252 1383 302 218 1545 583 994 269 268 785 292 1024 1376 82