Business Continuity Management (BCM)
Business Continuity Management (BCM) is a holistic management process that identifies potential threats to an organization and the impacts to business operations that 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 interests of its key stakeholders, reputation, brand and value-creating activities.
The Business Continuity Management provides the availability of processes (activities) and resources, in order to ensure the continued achievement of the critical objectives of an organization.
Its primary objective is to allow the executive of an organization to continue to manage their business under adverse conditions, by the introduction of appropriate resilience strategies, recovery objectives, business continuity and crisis management plans in collaboration with, or as a key component of, an integrated risk management initiative.
The goal of a BCM initiative is to provide answers to the following questions:
- How would the business continue to service its customers?
- How would the business continue to operate?
- How long can the business be sustained or survive during the disaster (if non-operational)?
- How to minimize the losses and impact?
- How to recover and resume back to normal?
- How to achieve cost-effective resumption following an interruption?
- How to effective manage and respond during crisis?
Business Continuity Management Systems certification, based on the international standard ISO 22301 is available through IQNet’s expansive network of partners spanning over 50 countries.
In collaboration with its partners, IQNet can now help organizations demonstrate their commitment towards meeting their own business continuity needs, as well as any customer, legal or regulatory needs.
Best Board Practice (BBP) is a system assessment model and label, which is designed to measure and benchmark the impact of an organisation’s corporate governance oversight. Strategic, financial, personal, management, and communication functions are assessed.
The IQNet Best Board Practice is a performance model which stimulates companies to achieve continuous improvement, increasing the confidence of customers, employees, investors, regulatory authorities and associated stakeholders.