What Are The Benefits Of Implementing Iso 22301 Business Continuity Management System?

By Author: John
Total Articles: 208
Comment this article

In the times of the unexpected circumstances such as disasters or business disturbances, businesses often slow down, experience important loss, find disturbances in the important features of business including people, procedures, products and services. In order to stop the unfortunate results and competently manage through the challenges, it is important for organizations to be resilient and have strong security, business continuity and recovery plans.
The simple and safe solution to man oeuvre through disasters or disturbances is the ISO 22301 Business Continuity Management System (BCMS). In order to understand the advantages and importance of the system, we need not sift through history but only take the example of present time, the coronavirus pandemic. When a pandemic is a very rare occurrence, there are other examples such as power supply issues where the standard work management is disturbed. Organizations with Business Continuity Management Systems are more likely to familiarize and solve critical challenges due to prior planning and risk assessment solutions and established alternatives.
What is ISO 22301 ...
... Business Continuity Management System?
As an international standard for Business Continuity Management System, the ISO 22301 is designed to protect, decrease the probability of occurrence, prepare for, respond to, and recover from disruptive occurrences when they arise. With a Business Continuity Management System, organization is ready to detect and stop threats. ISO 22301 allows to respond efficiently and promptly based on the measures that apply before, during and after the event. Executing a Business Continuity plan within organization means that ready for the unexpected. Business Continuity Plan ensure that organization will continue to operate without any major impacts and losses.
Business Continuity Management System that delivers a practical framework for organizations from all the industries. It basically helps to mitigate the damages and continue business operations with flexibility and effective solutions during the time of business disruptions or disasters. With a strong BCMS, an organization is prepared with contingency plans to prevent or prepare for the disruptive events, whether it is a disaster or a minor incident. The ISO 22301 (BCMS) provides a complete framework and verified structure enabling organizations to build, update, control and implement effective plans that also align with organizational operations, possibilities, and business requirements. ISO 22301 leads to establish and manage an actual BCMS and protect organization from unexpected occurrences and emergencies by helping develop resilience and improve the risk management processes.
Why is Business Continuity Important?
Being certified against ISO 22301 gives the power of providing a quality level of services to shareholders no matter the conditions. ISO 22301 acknowledges the capability to secure data backups, minimize major losses and maximize the recovery time of critical functions. With ISO 22301, increase knowledge and skills and also able to advise organization on best practices in the management of business continuity. Given that, improve ability to analyze and make decisions in the context of business continuity management.
What are the Benefits of ISO 22301?
ISO 22301 Documentation guide organizations for Business Continuity Management System certification as per ISO 22301:2019 requirements. Business Continuity Management System standard ISO 22301:2019 required a specific set of documents for its effective implementation and certification. ISO 22301 documents can be used by organizations of any type and size. It provides the necessary policies, procedures, and control documents for organizations. This documentation minimizes the time and cost involved in certification as well as better control over the implemented BCMS system.
Benefits observed in the business operations:
• Meet strategic business objectives.
• Gain competitive benefit.
• Rise reputation and credibility.
• Expand operations, supply chain and information resilience.
• Confirm the ability to continue business with maximum output/results despite the disruptions.
• Remove operational glitches and vulnerabilities.
• Establish healthy response and recovery procedures.
• Decrease dependence on individuals.
• Improve corporate reputation.
• Abide to the legal and regulatory necessities.
• Advance process and organizational focus.
Benefits observed in the financial aspect:
• Protect assets, turnover and profits.
• Conduct an independent assessment of security.
• Stop large scale damage.
• Decrease risk associated direct and indirect costs.
• Decrease insurance premiums.
• Reducing legal and financial risk.