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It has greater governance, risk assessment, business impactanalysis, planning, testing, and maintenance requirements than any other standard. And its focus on continuousimprovement helps ensure that organizations are always prepared to respond to disruptions and minimize their impact.
We’ll look at examples pertaining to incident management, the business impactanalysis (BIA), third-party vendors, risk assessments and exercises, and time and effort. Incident Management This first example holds true for several of our clients. It has to do with the activation and use of the incident management team.
Business continuity is not a project with a finite end; it’s an ongoing process. The organizations that do it right have best-in-class ongoing programs to maintain and continuouslyimprove their plans. The dynamic nature of risks requires constant adaptation to maintain the effectiveness of business continuity plans.
Additionally, several members leading a BCM Program implementation may be chosen to form a CrisisManagement Team (CMT), which will be responsible for managing disruptive business events and leading the organizational recovery efforts. An alternate leader should also be selected to ensure program leadership resiliency.
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