BCM Standards Analysis

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The first BCM standard was drafted in 2006 in the UK after having endured large-scale crises and disasters. Researchers thus found themselves compelled to find mechanisms and methods to develop BCM standards. Should the entities comply with such standards, they will continue delivering critical/ essential functions and services, recover from the disruption, and return to normal operations. United Arab Emirates is a leading nation in this field since there is no BCM standard in Arabic in any country in the region. According to the institute of internal auditors report, (2014) BCM is the process by which an organization prepares for future incidents or crises that could jeopardize the organization’s core mission and its short- and long-term ability…show more content…
It aligns business continuity capabilities with risks. The goal of BCM is to enable any organization to restore critical operational activities, manage communications, and minimize financial and other effects of a disaster, business disruption, or other major event. BCM is a simple matter of risk management designed to create business continuity capabilities to match likely risks based on business value. While terminology in professional literature may vary, the term BCM in this practice guide addresses the overall policy/model/framework for managing various types of service interruptions that can be triggered by events internal or external to the organization. This definition also may apply to public sector organizations such as governments. For these organizations, the term business represents governing agencies, critical public operations, public safety, and the security of its constituents. Key components of BCM…show more content…
This is done at the site and division level to ensure that the risks of all credible events are understood and managed appropriately. • Business Impact Analysis (BIA) – Identifies business processes that are integral to keeping the business unit functioning in a disaster and to determine how soon these integral processes should be recovered following a disaster. • Business Recovery and Continuity Strategy – Addresses the actual steps, people, and resources required to recover critical business processes. This also should identify key communication mechanisms and protocols. The strategy may consider company or industry benchmarks and standards. • Plan Awareness and Training – Education and awareness of the BCP are critical to the execution of BCM. Training also may include performance of exercises and/or practice drills for portions of the BCP. • Maintenance – The BCM capabilities and documentation are maintained to ensure that they remain effective and aligned with business priorities. • Crisis
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