The ICAEW IT Faculty published an introductory guide to business continuity management (BCM) just before Christmas. While it may not be the most exciting gift you wanted, the lessons it contains are important for any business manager or adviser.
Written by Business Continuity Instutitue chairman James Royds, the faculty’s guide sets out the principles and processes of the discipline, and includes a smaple continuity plan and copious links to other resources. A four-page sample PDF is also available from the IT Faculty website.
According to the British Standard for Business Continuity Management (BS 25999), BCM is an “holistic management process that indentifies protenial impacts that threaten an organisation and provides a framework for building resilience and the capability for an effective response that safeguards the interest of its key stakeholders, reputation, brand and value-crating activities.”
Some of the key points covered in the IT faculty guide include:
- Identify what can go wrong
- Know your critical operational and information requirements and the risks posed
- Develop a plan to address the risks and mitigate potential disruptions
- Test, maintain and review your plans
- Communicate the plans and procedures to create a “continuity culture” within the business.
The concluding motto is an apt summary for this useful guide: “Better to have the business continuity plan and not need it, than to need the plan and not have it.”
Business Continuity Management: An Introductory Guide is a members-only publication, available as part of the IT Faculty’s £99pa subscription (or £116 for non-accountants). Details here.
About John Stokdyk
John Stokdyk is the global editor of AccountingWEB UK and AccountingWEB.com.