ISO 22301: Business Continuity Management Standard

ISO 22301 is the new international business continuity standard. Launched in May 2012 it replaces the British Standard BS25999-2 and set outs the requirements for a BCMS. This standard specifies the requirements for setting up and managing an effective Business Continuity Management System (BCMS) for any organization, regardless of type or size.

Business continuity specifies the long run of the organization which contributes to the development of a more resilient society. Business continuity management system within organization clarifies roles and responsibilities during disruption. ISO 22301 helps in identifying and protecting business critical functions, building resilience and capability to continue operating during unexpected events.

ISO 22301 defines requirements not only on how to write business continuity plans but also business impact analysis, business continuity strategy etc.

Benefits of ISO 22301 business continuity:

  • Maximize quality and efficiency: ISO 22301 provides a framework based on international best practice like Plan, Do Check and Act concept.
  • Competitive advantage: Opens new markets and helps to win new business. Gain client confidence through the universal acceptance of ISO standards that open up global opportunities.
  • Flexibility: Whether it's an international disaster or localized disruption, organization will be robust enough to get up and running again quickly, or minimize disruption until normal service is resumed.
  • Win more contracts more cost effectively: Provides with a marketing edge and coupled with certification which can help in reducing the cost of tendering.
  • Continuous improvement: The certification process involves regular audits that ensure management system is up to date.
  • Cost savings: It provides the opportunity to reduce the burden of internal and external BCM audits, improve financial performance and reduce business disruption insurance premiums.
  • Delivery: BCMS framework supports rehearsed management processes that allow supplying an agreed level of critical services and products within a specified timeframe after disruption.
  • Management: A BCMS provides proven management capability during times of disruption.

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