Business continuity management and strategic planning. This essay should draw on a wide range of literature relating to regulatory, legislative and. Management must also plan for business continuity, including disaster recovery, based on these risks and document continuity and recovery strategies and procedures in a defined business continuity plan. Business continuity management bcm is defined by the business continuity institute as holistic management process that identifies potential impacts that threaten an organization and. Evaluate your business continuity management lund university. Pdf a business continuity management maturity model for. The results of the interviews are employed in this thesis. Before entering into the maintenance phase of any bcm program, the organization bcm coordinator needs to ensure that the project phases. Pdf a business continuity management maturity model for the. Introduction to business continuity management barclay. This thesis observes the impacts of business interruptions on business, which is a relatively new area of research. The research surveys large irish enterprises in 2004 and again in 2009 with a view to determining how business continuity management bcm has evolved during this five year period. Business continuity plan location you want to keep your crisis management and business continuity plans up in the cloud. Another could be simply knowing how to fix the problem rapidly.
The most significant difference between risk management and business continuity management relates to the. Business continuity management, business continuity planning, bcm evaluation. Since the extant theory concentrates mainly on supply chain disruptions the understanding of business interruptions is narrow. Evaluating business continuity and disaster recovery. One way might be to have a backup solution ready to use. This paper explains the concept of business continuity management bcm with the specific focus on the bcm planning process and methodology. Pdf this paper explains the concept of business continuity management. Again,business continuity management is a subset of a larger risk management strategy. A step towards resilience, creating a business continuity plan for. During those six months i learnt a lot, more than i could possibly fit in this thesis. Majed elfara submitted in partial fulfillment of the requirement for the degree of mba. The evolution of business continuity management in large. A sustainable business continuity management plan bcm is developed to adapt and respond to the current complex and dynamic business environment, while simultaneously accommodating the key.
To increase the knowledge of effective bcm, this thesis develops and presents a model for evaluating the level of. See also business continuity, which is an antonym for business interruption. Bia is a logical process to identify business significant systems and activity as sign to any business continuity. The need for business continuity permeates all parts of a supply. A business continuity management maturity model the search for an iso 22301 compliant bcm maturity model master. Business continuity management essay, essay get example. The purpose of the thesis is to explore business continuity management and create. This thesis examines what a business continuity plan bcp should. This study will give insight on business continuity planning and the procedures to implement a. Planning for the continuity and recovery of the organization and implementing the plan in the event of a disaster are complex tasks requiring coordination among two bc groups involved in emergency.
The most significant difference between risk management and business continuity management relates to the output of each process. Pdf against a background of increasing threats, business continuity management bcm has emerged in many industries as a systematic process to counter. Business continuity is the intended outcome of proper execution of business continuity planning and disaster recovery. Iso 22301 business continuity management system bsi. This essay should draw on a wide range of literature relating to regulatory, legislative and businessorientated drivers for business continuity management bcm and consider the challenges faced by bcm managers in the initiation and implementation of bcm. Evaluating business continuity and disaster recovery planning. A properly designed, implemented and tested business continuity plan bcp is the best insurance against financial peril for any financial institution or. Business continuity management bcm is defined in iso 22301 as an holistic management process that identifies potential threats to an organization and the impacts to business operations that those.
Business impact analysis is an important part of any organisation business continuance plan. To increase the knowledge of effective bcm, this thesis develops and. Planning for the continuity and recovery of the organization and implementing the plan in the event of a disaster are complex tasks requiring coordination among two bc groups involved in emergency response and recovery. Feel free to trust the cloud and its backup systems, but as a true business continuity planning professional, aim for three copies of the same plan. The research surveys large irish enterprises in 2004 and again in 2009 with a view to.
Enterprise risk management business continuity management integration of business and risk management systems facilitating global coordination webbased version high level hazard identification risk register and risk assessment gap analysis and auditing management of. Strategic management does parttime work make employees more efficient. Protiviti subject business continuity management, business continuity planning, bcm, bcp, business continuity, business continuity strategy, regulations, risk, risk management, enterprise risk management, risk assessment, business impact ana. Protiviti subject business continuity management, business continuity planning, bcm, bcp, business continuity, business continuity. This framework will define the mission statement and business continuity planning objectives for the institution and delineate the organizational structure of the business continuity committees, teams, and specific business. Business continuity management is a luxury in times of recession critically discuss the above statement. Thesis bowtie world class risk, business continuity. The need for business continuity plan bcp in white rock ky became necessary. Business continuity management bcm is a holistic management process that identifies potential threats to an organization and the impacts to business operations those threats, if realized, might. As an integral part of bcm, business preparedness reduces the impact of a disruption to employees, productivity and profitability. Business continuity management bcm is a process that focuses on counteracting organizational risk, disasters and crises. Business continuity management seeks to keep a supply chain working in the event of a problem. They can be divided into personal interviews or phone interviews. Business continuity management bcm is defined by the business continuity institute as holistic management process that identifies potential impacts that threaten an organization and provides a framework for building resilience and capability for an effective response that safeguards the interests of its key stakeholders, reputation, brand.
The primary motivators for developing a bcp are to keep the business running, reduce liability, and lower the impact of any market disruption. But, there can be problems within such organisations and, according to research published in the international journal of business continuity and risk management, specific personal motives, organisational opportunities and deviant behaviour can lead to whitecollar crime. Business continuity planning or business continuity and resiliency planning is the process of creating systems of prevention and recovery to deal with potential threats to a company. Purpose organisations utilise business continuity management bcm to support sustained performance of electronic systems on which their core activities are based.
In that respect, the thesis bychapter format may be advantageous, particularly for students pursuing a phd in the natural sciences, where the research content of a thesis consists of many discrete experiments. Business continuity management is not just about having systems in place for backups and to fall back on. Key performance indicators and key risk indicators. Before entering into the maintenance phase of any bcm. Placing business continuity management in the context of strategic planning sp will help organizations to cope with a wide range of unexpected incidents before, during and after their occurrence. Ijbcrm is a refereed international journal that provides a professional and scholarly forum in the essential field of business continuity and risk management with particular emphasis on decision. As the business continuity and disaster recovery professions continue to mature, there is a growing interest in techniques to measure the performance and effectiveness of these programs. By practicing business continuity management bcm, organizations can protect their operations from unforeseen, disasterlevel events. A sustainable business continuity management plan bcm is developed to adapt and respond to the current complex and dynamic business environment, while simultaneously accommodating the key system. Evaluating business continuity and disaster recovery planning in information technology departments in palestinian listed companies this study aims at identifying the reality of the usage of business continuity and disaster. Building and maintaining a business continuity program. Iso 22301 business continuity management understand and prioritize the threats to your business with the international standard for business continuity.
Business interruption means that a business has to halt its operations partially or completely due to a disruption in its internal or external environment. To increase the knowledge of effective bcm, this thesis develops and presents a model for evaluating the level of bcm within a company, the bcm evaluation model. Using program management to manage business continuity. Placing business continuity management in the context of strategic planning. The purpose of the thesis is to explore business continuity management and create a business continuity plan as it is the primary objective of the thesis. An investigation into business continuity plan bcp failure during. Plan bcp failure during a disaster event is my own work, that it has not been. It is the payoff for costeffective buying of spare machines and servers, performing backups and bringing them offsite, assigning responsibility, performing drills, educating employees and being vigilant. This thesis investigated both the potential for business continuity management to enhance organisational reliability, and appropriate levels of business continuity management capability. A sustainable business continuity management plan bcm is developed to adapt and respond to the current complex and dynamic business environment, while simultaneously accommodating the key system transformations. This session examines two metrics that are well known to senior management. Risk management strategies either risk avoidance,risk acceptance,or risk mitigation through risk. These organisations require a tool that can be used to assess the maturity of their.
Feel free to trust the cloud and its backup systems, but as a true business. It does not establish standards or preferred practices. Chain management, risk handling and business continuity management. Bia is a logical process to identify business significant systems and activity as sign to any business continuity, disaster recovery, or emergency planning effort and reveal vulnerabilities and planning component to develop strategies for minimizing risk. Evaluating business continuity and disaster recovery planning in information technology departments in palestinian listed companies submitted by mohammed enshasy supervised by prof. Also identifying the possible impacts directed to the company because of a disruption. In that respect, the thesis bychapter format may be advantageous, particularly for students pursuing a phd in the natural sciences, where the research content of a thesis. Business continuity bc and business continuity management bcm business continuity bc is defined by iso 22301 and iso 223 as the capability of the organisation to continue delivery of products or services at acceptable predefined levels following a disruptive incident business continuity management bcm is defined in iso 22301 as.
Business continuity management bcm is a holistic management process that identifies potential threats to an organization and the impacts to business operations those threats, if realized, might cause, and which provides a framework for building organizational resilience with the capability for an effective response that safeguards the. The value of a business continuity management plan from a shareholders perspective 18 collection of primary data can be done in different ways, such as observations, interviews and experiments. There needs to be a mindset change in the employees who operate these systems and hence what. Glasgow university cio business continuity management is just defeated a particular research proposal due date of what is a continuity management plan. International journal of business continuity and risk.
Renaissance capital views business continuity management bcm as a fundamental part of its ability to protect its staff and fulfill its fiduciary responsibilities to clients. International journal of business continuity and risk management. The value of a business continuity management plan from a shareholders perspective 2 preface this thesis, written during the spring 2007, is the last part in my master of science in mechanical engineering at lund institute of technology. Pdf business continuity management planning methodology. It leads to business interruptions, financial and reputational losses, inability to recover from a disaster, and, in the worst case scenario, human losses. Resilience as a way to improve business continuity. The cases studied in this thesis have been affected by risks that can be. Easily communicable outcomes a maturity model should be able to provide such o utcomes, based on the first objective of maturity model i stated above. Renaissance capital maintains crisis response and business recovery plans to facilitate the management of any incident which has the potential to harm our staff, damage. There needs to be a mindset change in the employees who operate these systems and hence what is needed is the ability to switch to the backup system or the offshore site and resume operations within no time. The most common collection of primary data is interviews. Importance of context in assessing flexible work arrangements. The value of a business continuity management plan from a.
Clarity is paramount when determining the structurelayout of your dissertation. Count the cloud and its backup as one copy, use an encrypted usb drive or. If breakdown cannot be avoided, bcm tries to minimise any impact. The material contained in the management accounting guideline business continuity management is designed to provide illustrative information with respect to the subject matter covered. Business continuity management can help ensuring the continuity of business by. Result of the case study was a functional disaster recovery data center that allows future growth.
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