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Volume 30, Issue 4

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Wednesday, 16 August 2017 15:52

Why Organizations Invest in Business Continuity – Business Continuity 101

In the third piece of our Business Continuity 101 Series, we delve into why organizations invest in business continuity, dispelling common BC misconceptions, and explaining value-based BC investment.

A common point of confusion for new BCM practitioners is the why and how of implementing a business continuity (BC) program. What are, or should be, the drivers for implementation and on-going, continual improvement? Most organizations consider business continuity as a form of insurance or a cost to be minimized. We agree that BC is related to insurance; it is there to ensure that an organization remains whole during an emergency event. We would say that costs associated with BC should be appropriate. There is no reason to overspend on recovery solutions, but it is risky to underspend as well. BC should be implemented as any other function that is not profit generating.

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https://www.mha-it.com/2017/08/why-organizations-invest-in-business-continuity/