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IMPLEMENTING ISO 22301: THE BUSINESS CONTINUITY MANAGEMENT SYSTEM STANDARD
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IMPLEMENTING ISO 22301: THE BUSINESS CONTINUITY MANAGEMENT SYSTEM Standardize business continuity community has been anticipating the release of ISO 22301 (Societal security Business continuity management.
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Managements FAQ
ISO 22301, the international standard that defines best practice for business continuity, states that there are four major components to a successful BCMS. These are management support, business impact analysis, risk assessment and having in place a Business Continuity Plan (BCP).
Benefits observed in the financial aspect: Protect assets, turnover and profits. Conduct an independent assessment of your security. Prevent large scale damage. Safeguard profits and assets. Reduce risk associated direct and indirect costs. Reduce insurance premiums. Reducing legal and financial risk.
The international BCMS standard ISO 22301 recognizes the critical importance of having accurate performance information and, unlike its predecessor BS 25999, this relatively new standard lays down requirements for “monitoring, measurement, analysis and evaluation.”
ISO 22301 specifies the requirements for a management system to protect against, reduce the likelihood of, and ensure your business recovers from disruptive incidents.
ISO 22301 is a framework of requirements to build and maintain a robust business continuity management system. This internationally recognized standard outlines a set of processes to overcome and resolve business disruption through best practice risk management.
Plan-Do-Check-Act (PDCA) is the operating principle of ISO 22301. It's applied to all processes and the BCMS as a whole for continuous improvement.
The workflow for BCMS implementation involves multiple phases. Initiating with evaluation of your existing business continuity plans. Followed by revising your existing procedures and policies. Finally, outlining a priority-based remediation strategy.
To implement ISO 22301 in your company, you have to follow these 17 steps: Management support. Identification of requirements. Business continuity policy and objectives. Support documents for management system. Risk assessment and treatment. Business impact analysis. Business continuity strategy.
Outputs Related content
(PDF) ISO 22301 Business Continuity Management...
ISO 22301, the standard for business continuity management (BCM) is the first to be...
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