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ISO 22301 Business Continuity Management (BCM) standard
What is ISO 22301:2012 standard?
ISO 22301 is an International Standard for Business Continuity Management (BCM). It specifies the requirements to plan, establish, implement, operate, monitor, review, maintain and continually improve a documented management system to prepare for, respond to and recover from disruptive events when they arise. ISO developed and launched ISO 22301 “Societal Security – Business Continuity Management Systems – Requirements” to help organizations minimize the risk of business disruptions.
Benefits of ISO 22301 Business Continuity Management (BCM) standard
Internal Benefits
Better understand your business vulnerabilities
Establish effective and robust business continuity management procedures
Ensure consistency with other management systems
Ability to detect the risk impacts of an operational disruption and minimize this impact on the organization
Identify and manage current and future challenges and risks to your business
Take a proactive approach to minimize the impact of incidents
Keep critical functions up and running through effective crises management
Minimize downtime during incidents and improve recovery time
Demonstrate resilience to customers, suppliers and for tender requests
Competitive Benefits
1. Competitive advantage : Ensure client confidence through certification to ISO 22301 an internationally acknowledged standard while gaining new business opportunities.
2 Maximize quality and efficiency : ISO 22301 provides a framework based on international best practice based around the 'Plan, Do, Check’ concept.
3. Flexibility during disruptions : During any localized disruption or an international disaster, your organization will have a business continuity plan to ensure that the business doesn’t stop.
4. Cost Reduction : Your organization will be able to reduce the cost of internal and external BCM audits, and to improve financial performance and reduce business disruptions.
5. Strengthen your internal Management : A BCMS provides proven management capability during times of disruption.
6. Reputational Management : Certification to ISO 22301 reinforces your commitment to providing the best services to your customers, even during tough conditions.
Applicability of ISO 22301 Business Continuity Management (BCM) standard
The requirements specified in ISO 22301 are generic and intended to be applicable to all organizations, regardless of type, size and nature of the organization.
Examples on the Sectors which ISO 22301 Business Continuity Management (BCM) Standard applicable on it:
Companies / Authorities working in the following sectors:
Advisory, Investment, Packaging Material Manufacturing, Financial Institutions (Banks, Insurance Companies, etc…), Oil & gas, IT& Telecommunication, and Trading Companies etc…
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