ISO 22301 Overview
Iso 22301 – Business Continuity Management System
A disaster / disruption can strike anywhere at any time, and can disrupt every aspect of a business, from People , Processes , Products and Services. Organizations must be resilient & able to continue operations in the event of a disruptive, unforeseen circumstance(s), which could be caused by a major catastrophe or a minor incident.
According to the Federal Emergency Management Agency (FEMA)
- Forty percent of businesses do not reopen following a disaster &
- additional 25% fail within one year
ISO 22301 specifies requirements for management system to access & reduce likelihood of such incident , identify Risk & Business impact , Business continuity need of interested parties and formulate Business continuity strategy which includes Business continuity Response plan as well as recovery plan at the time of disruptive incidents to bring operation to Business as usual level.
The business continuity management system standard ISO 22301 provides international best practices to help organization respond to and recover from disruptions effectively, can be considered as one of the most comprehensive approaches to organizational resilience. It helps to protect business and reputation, stay agile and resilient, and to minimize the impact of unexpected interruptions.
PDCA Framework
- Plan: (Establish) Establish business continuity policy, objectives, targets, controls, processes and procedures relevantto improving business continuity in order to deliver results that align with the organization’s overall policies and objectives.
- Do: (Implement and operate) Implement and operate the business continuity policy, controls, processes and procedures.
- Check: (Monitor and review) Monitor and review performance against business continuity policy and objectives, report the results to management for review, and determine and authorize actions for remediation and improvement.
- Act: (Maintain and improve) Maintain and improve the BCMS by taking corrective action, based on the results of management review and reappraising the scope of the BCMS and business continuity policy and objectives.
Implementation Benefits Of ISO 22301
ISO 22301 ensures organization’s overall ability to continue to operate during disruptions and recover to Business as Usual level after disruption. Moreover implementation offers benefits such as :
Business Perspective:
- Meeting Its Strategic Objectives;
- Gaining Competitive Advantage;
- Increase Reputation And Credibility;
- Improves Operation, Supply Chain And Information Resilience.
- Improving Its Capability To Remain Effective During Disruptions;
- Addressing Operational Vulnerabilities.
Financial perspective:
- Reducing direct and indirect costs of disruptions;
- Reducing legal and financial risk;
Interested parties’ perspectives:
- Build confidence and trust
- Protecting life, property and environment;
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