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Business Continuity Management (BCM) is defined as a holistic management process that identifies potential impacts that threatens an organization and provides a framework for building resilience with the capability for an effective response that safeguards the interests of its key stakeholders, reputation and value creating activities.
The primary objective of Business Continuity Management is to allow the Senior Management to continue to manage business operations under adverse conditions, by the introduction of appropriate resilience strategies, recovery objectives, business continuity, operational risk management considerations and crisis management plans.
- Why Business Continuity Management?
- Pressure from Audit Committees
- Pressure from Financial Institutions
- Pandemic Concern & Changing Business Environment
- Demands from Customers
- Cost of Insurance
- Perceived as Competitive Edge
- Reliance on Third Parties (Supply Chain Management)
- Increased Regulatory & Self-regulated Requirements
- Corporate Social Responsibility
- Corporate Governance.
It is impossible to prepare for every scenario, but business leaders can be better equipped to react to unexpected events. This course offers a solid description of the methods, techniques and approaches used by Business Continuity Professionals (BCP) globally, to develop, implement, and maintain an effective Business Continuity Management (BCM) mandate.
Defined in this course, is a management process that identifies risks, threats, and vulnerabilities that could impact continued operations. Business continuity provides a framework for building organizational resilience and the capability for an effective response. Candidates will collaborate to develop a
framework, implement, and maintain a business continuity program designed to reduce the likelihood of significant gaps in the business strategy. Candidates will develop skills related to:
- Using industry professional practices – assessing business programs can identify gaps or deficiencies to be mitigated.
- Establish a framework – for building organizational resilience that will provided a prudent and effective response for safeguarding the interests of the brand, key stakeholders, reputation, and value-creating business objectives.
- Engagement of all stakeholders – Ask all those involved in the process for their feedback on what worked well in the prior process and what stakeholder expect out of the BCM plans.
- Map out the best scenario – management process that identifies risks, threats, and vulnerabilities that could impact continued operations that need continuity to achieve business objectives
LEORON ...
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