Why is Business Continuity Management important?
No business is immune from the effects of disruption, so it makes sense to take some basic and general steps to protect the key parts of your business in advance. Poor forward planning often threatens the survival of unprepared businesses when a major emergency or serious disruption occurs. Statistics show that 1 in 5 organisations suffer a major disruption every year. The causes of disruption can vary significantly in scale and intensity ranging from fires, floods, partner or technology failure, to wide scale national events such as fuel disruption, terrorism, pandemics etc. Incidents can quickly affect the key assets of your business. Assets can include: • Worksites • Staff and skills • Suppliers and partners • Specialist equipment • Technology and communications • Data / information If your business has any of the above assets and cannot function or recover quickly without them following a business interruption, you may want to seriously consider business continuity management.
