The Peninsula recently reported that “within the next two years, most Qatari companies, including small and medium-sized enterprises (SMEs), are expected to have a well-designed business continuity and risk management plan as [an] integral part of their business strategy”.
Abdullatif Ali Al Yafei, chair of Qatar Forum, told the newspaper, “in the past, especially before the economic blockade, many companies thought business continuity, or risk management plan, as optional. But now things have changed significantly”.
What is business continuity planning?
Business continuity planning is a proactive approach that refers to the processes and procedures an organisation must implement to make sure operations can continue during and after a disaster.
The current cyber threat landscape has made business leaders more aware of the risks of cyber attacks and the importance of being able to respond to and recover from such attacks.
Effective BCM (business continuity management) can be achieved by implementing a business continuity management system (BCMS) based on international best-practice standards such as ISO 22301. A robust BCMS can protect organisations from widespread business disruption in the event of a cyber attack, industrial action, natural disaster and more.
An effective BCMS involves:
- Identifying critical activities;
- Performing a business impact analysis;
- Conducting a risk assessment;
- Designing and implementing a business continuity plan;
- Testing and evaluating performance; and
- Putting a continual improvement process in place.
Implementing a BCMS (business continuity management system) may seem intimidating, especially if you have little knowledge of the system or are not sure where to start.
Get started on your BCM project
IT Governance provides a wide range of affordable products and services that will help your organisation implement a BCMS aligned with ISO 22301.