Benefits of ISO 22301
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The ISO22301:2012 standard specifies requirements for setting up and managing an effective Business Continuity Management System (BCMS).
An ISO22301-compliant BCMS brings many benefits, especially when combined with independent certification.
What is on this page?
Why implement a Business Continuity Management system (BCMS)?
The ISO 22301 standard
defines a Business Continuity Management System (BCMS) as:
‘Part of the over-management system that establishes, implements, operates, monitors, reviews, maintains and improves business continuity.’
To mitigate the effects of disruption, it is essential that all organisations prepare and manage business continuity plans. A BCMS enables organisations to update, control and deploy these plans and align them with their strategic and operational objectives.
Many organisations believe that if they have a business continuity plan (BCP) in place, they will be able to respond to an incident in an appropriate way. Whilst a BCP will provide members of the response team with guidance as to what they are supposed to do if an incident occurs, it is usually not part of a formal management system.
A BCP is not likely to work if it is not tried and tested, and is not regularly updated. Since it is not integrated in the organisation’s corporate governance and management system, the BCP often gets filed and forgotten, with just a few members of the organisation being aware of it.
Statistics indicate that 80% of organisations that are faced with a significant business discontinuity, and do not have in place adequate and appropriate plans to ensure business continuity, do not survive the event. A survey published on Continuity Central
showed that 70% of UK businesses fail within three years of experiencing a fire (2011).
A BCMS on the other hand, is broadly accepted as the most comprehensive approach to organisational resilience. It enables organisations to update, control and deploy effective plans, taking into account organisational contingencies and capabilities as well as the business needs (product- and service- requirements). Unlike the BCP, the BCMS can and should be embedded in the organisations culture.
An ISO 22301-compliant BCMS enables you to:
create effective operational business continuity plans (BCP);
ensure all BCP plans are fit for purpose;
align plans with strategic organisational objectives;
continually improve business continuity plans as the organisation grows;
reduce the cost of business interruption insurance policies;
satisfy a condition for a licence to operate (e.g. UK SRA Code of Conduct 2011);
satisfy Corporate Governance obligations (link to UK Combined Code/Turnbull).
Everything you need to kick-start your BCMS implementation project is included in the The Complete ISO 22301 Toolkit Suite
In order to acquire the skills necessary to implement ISO 22301 successfully, you will benefit from attending the ISO 22301 Certified BCMS Foundation
and ISO 22301 BCMS Lead Implementation
courses. You can book both at the same time with our specially priced ISO 22301 BCMS Combination Training Course
The Benefits of ISO22301 Certification
Adhering to ISO22301 means that you follow best practice and you are adopting a consistent approach to business continuity.
An ISO22301-compliant BCMS brings many benefits, especially when combined with independent certification. An ISO22301 certification:
demonstrates to key stakeholders (customers, suppliers and partners) that your organisation is resilient;
increases your competitive advantage and enhances your reputation;
is internationally recognised;
increases customer loyalty and trust;
protects your financial income and business assets;
helps you save costs by reducing costs of tendering;
helps you comply with all mandatory legal and regulatory requirements;
can be aligned and integrated with ISO9001, ISO27001, ISO14001, ISO20000 and ISO28000 management standards to deliver significant benefits.
ISO 22301 Certification: Everything You Need
IT Governance has been involved with the Business Continuity Standard BS 25999 since its first publication. We are a single source of resources required to implement best practice and achieve certification to ISO22301:
Increase your competitive edge and protect your business by starting your ISO22301 implementation project today.
Call +44 (0)845 070 1750 for more information.