A holistic management process that identifies potential threats to an organization and the impacts to business operations that 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 interests of its key stakeholders, reputation, brand and value-creating activities.
The business continuity management life-cycle includes a series of steps:
- risk assessment
- business impact analysis (BIA)
- plan development
Identifying the products & services on which an organization depends for survival and what will be required for an organization to continue to meet its obligations.
Business continuity management involves managing the recovery or continuation of business activities in the event of a business disruption, and management of the overall programme through training, exercises and reviews, to ensure the business continuity plan(s) stays current and up-to-date.