Business Continuity Management and Your Business

A recent study by the Chartered Management Institute explained how extreme weather can affect business and how the use of Business Continuity Management (BCM) can help reduce the impact of these potentially disastrous events. The study closes by encouraging companies to protect their interests through a strong BCM plan. Below are some of the main points of the study as outlined by www.managers.org.uk.

How Weather Can Affect Business

With a changing global climate bringing on storms of increasing ferocity, as compared to the past, it is only a matter of time before a business is affected in some adverse way by inclement weather. Whether this is a disruption of services to a company’s customers in the form of a winter storm or even damage to a company’s property from extreme summer weather, businesses need to remain aware of their assets and what steps they need to take to ensure that day-to-day business continues even in the face of such events. With business disruptions expected to increase by 5% during this year, companies need to take steps to help reduce or alleviate any potential disruptions. That is where BCM comes in.

Preparations

Preparing for extreme weather can go a long way toward reducing the impact when major storms hit. Part of the problem with preparation deals with top management justifying the funds to buy extra resources necessary to put in place a strong BCM plan, mostly in the form of the added ability for remote work by employees, as well as establishing alternate facilities for use when the main office is taken out of commission for an extended period of time. In the long run, a lessened disruption of service when inclement weather strikes — which an effective BCM plan provides for — can help a company recover more fully and allow them to provide the services that their customers have come to expect. This fact alone provides a justification for a company to invest in a BCM plan. The costs not to do so could be devastating.

BCM Uses and Benefits

An effective use of BCM allows organizations to deliver the same level, or near the same level, of service to their customers regardless of a disruption in their normal business structure. Some of the other benefits of an effective BCM plan include an improvement in overall business resilience, a protection of a company’s reputation, and providing for staff safety while meeting the requirements of their customers.


For more information about effective BCM plans, visit: http://www.managers.org.uk/bcm2013