By implementing an ISO 22301 aligned BCMS, your organization has better insights into the real impact of a potential disaster, which enables better evaluation of the type and value of insurance cover required.
Using ISO 22301 as a framework for your BCMS will provide evidence that the organization has taken the necessary steps to comply with certain regulatory requirements and director’s duties.
Implementing a BCMS involves evaluating organizational processes to identify potential inefficiencies that can be improved, and helps your organization focus on its objectives and direction.
A BCMS enables organizations to test, update, control and deploy effective BCPs, taking into account organizational contingencies and capabilities as well as the business needs.
Effective BCM will ensure continuity of critical services to protect the business’s income stream, assets, and reduce the risk of further losses due to an incident or disaster.
An effective BCMS will improve customer confidence in the organization’s ability to respond to a series of incidents and events and maintain critical business operations should disaster strike.