Ok, so maybe it’s not a lost cause entirely, but when you measure it up next to other areas of your business it can seem that way!
Look at it like this: business continuity doesn’t have a measurable purpose, objective, goal or benefit. Instead, it prepares you for the unknown and since no one is certain of the unknown, then who’s to say business continuity is worth it? Just like car insurance – hey?
For these reasons, business continuity can often be seen as an unnecessary expense, especially where other areas of IT are scraping the barrel.
If you’re thinking along these lines, then we invite you to reconsider.
Business continuity can bring a significant number of benefits to your business which can be worth their weight in gold, paying back the investment several times over:
- Your business continuity plan will ensure your business keeps trading when otherwise it would have failed due to an incident
- It will significantly reduce the cost of disruptions
- You’ll benefit from insurance premium discounts and reduced excesses
Yes, you may go several months or even years without suffering a major disruption, but when that time comes and you’re in the middle of a disaster, you’ll be glad you prepared a business continuity plan (BCP).
ISO22301 outlines the international standard for a business continuity management system (BCMS) to help organisations prepare for a disruptive incident.
If you are interested in business continuity, it is advised you download a copy of the ISO22301 standard. Deploying a BCMS that is ISO 22301-compliant will allow your organisation to demonstrate to stakeholders – employees, customers, suppliers, shareholders – that your organisation is prepared for disruptive incidents that might otherwise affect you achieving your organisational goals.