202331 Jan

Implementing a BCM Program (Part 3)


In many cases the BCM policy and approaches are driven by standardization bodies along with local, regional, industry-imposed requirements. 1 Said another way from a previous BCM definition: 2 BCM is an: Holistic management process that identifies potential impacts that threaten an organization with associated risk, and provides a framework for building resiliency with the capability for an effective response which safeguards the interests of its key stakeholders, reputation, brand and value creating activities. > Threats are developed from the Risk Assessment (RA) by identifying potential hazards with the highest probability, impact and vulnerability. > The BCM view of the Organization as distinct named Critical Functions, locations, dependencies and technology requirements is determined from the Business Impact Analysis (BIA) > An Effective Response is developed by focusing on recovery strategies for each of the organization’s critical functions with a recovery plan that attains a defined Maximum Allowable Outage (MAO) value for each. The BCM process will need to address each of the above elements in order to implement an effective Business Continuity Management program.

Source: Paradigmsi