BCM - Business Continuity Management

Introduction

In today’s ever-changing business environment, organisations are exposed to threats and events that are beyond their control. These threats can result in serious business disruptions and major economic losses. Organisations that wish to survive in such an unpredictable business environment and ensure that their business can continue have to put in place measures to ensure business continuity.

What is BCM?

Business Continuity Management (BCM) is a standard developed by SPRING Singapore to help organisations in Singapore deal with different types of crises and disasters. It is the process of identifying potential events that may threaten an organisation, formulating and implementing strategies to address these threats and the development of a plan to ensure continuity of business operations. As the Standard is generic and non-prescriptive, it can be used by all organizations regardless of their size or industry sectors.

What are the Benefits of BCM?

The benefits of having BCM system in place are numerous. It

Enables an organisation to continue with its business operation.

Increases an organisation’s resilience to business disruptions.

Minimises loss to the organisation resulting from the disruption.

Builds investors and shareholders confidence

Enables an organisation to respond to different types of crises and disasters