Considering recent disruptions and disasters a significant number of organisations are establishing a business continuity management (BCM) programme for the first time. Alternatively, those that have a BCM programme in place is taking time to review and update their programmes.
Establishing or maintaining a BCM programme should be to achieve improved levels of organisational resilience and have the capability and capacity to respond to disruptions and disasters.
However, it is evident that there are other triggers for BCM programmes. It would be interesting to gather views on the following BCM triggers:
Trigger 1: Previous disruptions and disasters: Your organisation has experienced a business disruption i.e. cyber-attack, building fire, network outage, strike, pandemic and you were not prepared to respond appropriately.
Tigger 2: Legal and regulatory requirements: Your organisation operate in a regulated industry i.e. financial, medical, telecommunications and the regulating authority set BCM requirements that you have to adhere to.
Trigger 3: Compliance requirements: Your organisation’s audit plan includes a review of the BCM programme, and therefore the BCM programme needs to be put in place.
Trigger 4: Competitive advantage: You believe that an established and up-to-date BCM programme will differentiate your organisation from competitors and help secure future deals and business opportunities.
Trigger 5: Reduction in insurance premiums: You believe that your BCM programme provides you with a detailed understanding of your business priorities and risks and that you can use this information when you negotiate your insurance premium.
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