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The business must go on! This imperative summarizes the importance and need for Business Continuity Management (BCM). In short, BCM is the process of developing a plan to ensure that an organization can continue its operations and services in the event of a disruption or disaster, such as a natural disaster, a cyber or terrorist attack, power outages, a black swan event, or any other unforeseen disruptive event or emergency. This may include activities, such as identifying potential risks and disruptions; developing strategies and procedures to mitigate these risks and disruptions; as well as testing and reviewing the Business Continuity Plan to ensure its effectiveness.
BCM is important because it helps to ensure that an organization is prepared to handle disruptions and disasters, and can continue to provide essential services and support to its customers, employees, and stakeholders. Additional reasons why BCM is important include (but are not limited to) the following:
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