To survive in a changing world, businesses need to be tough. They must prepare for unexpected problems like technical issues, emergencies, or disasters. Having plans for these situations and a system to respond to them keeps the business running smoothly and safe.
What is ISO 22301?
ISO 22301 is a standard for a management system to adhere to for business disruptions. The requirements aim to help companies reduce the likelihood of interruptions while also preparing for and responding to them when they arise. A business continuity management system certified to ISO 22301 means the organization:
- Implements, maintains and improves its BCMS
- Conforms to its stated business continuity policy
- Supports resiliency through business disruptions
- Can continue to deliver products and services at an acceptable capacity even during an interruption.
Business Continuity management system
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- Planning Methodology
- IT recovery
- Business Continuity
- Business Cloud Backup
- Security
- Crisis
- Plan
- Disaster Recovery plan
- Business continuity
- Cloud computing
- Security
- Specific incident
Why Is ISO 22301 Important?
Business disruption can cause financial loss, damage your reputation and drive away valuable customers. By their very nature, business interruptions are unexpected. A company without a robust business continuity management system in place will fall prey to many issues. Namely, it will take much longer for the business to get back on its feet. That means more lost revenue and more unhappy customers.
While an ISO 22301 compliant business continuity plan won’t always stop the next disaster, it can help your business in many ways. Through comprehensive threat analysis and ongoing monitoring, it can allow you to predict the next disruption. Effective response plans can prevent some disasters from causing a business disruption in the first place.
What are the key benefits of ISO 22301?
- Increases customer reliability
- Identifies risks and minimizes the impact of disruptive incidents
- Improves recovery time from incidents
- Maintains an ability to manage uninsurable risks
- Develops capacity for business disruption management
- Provides a method of restoring an organization’s ability to supply its key products and services
- Protects and enhances the organization’s reputation
Gives competitive advantage through demonstration of ability to maintain delivery of products and services.
