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Business Continuity Management - Is it Important?

Posted By Administration, 02 August 2016

1 August 2016




Do we understand the importance of business continuity planning?

Unplanned events and crises can have a devastating effect on any organisation. Crises can be derived from a variety of sources, such as weather, social, political or economic events. Common examples in a South African context include drawn out strike action, IT disruptions, electricity or water supply outages and cyber-attacks.

It is worth asking why, in spite of the growing threat, many organisations still don’t seem to plan, test or invest in business continuity programmes.

One report highlighted that only 18% of organisations are increasing their level of investment in business continuity programmes, while 11% are actively reducing theirs. The report further revealed that 22% of organisations conducted no trend analysis as part of their business continuity process, potentially failing to assess these threats altogether.

The time has come to ensure that your organisation prioritizes the work required to complete, improve or assess its business continuity planning and processes.


Read more on other related articles:

Guidance on Business Continuity

Top 10 Threats to Business Continuity

Some questions for you as a Risk Manager:

  • Does your organisation have a top ten list of business continuity threats coupled with plans to address them?
  • Does your organisation have a business continuity programme in place?
  • Has your business continuity framework/process been tested at all?
  • Has top management been made aware of the importance of business continuity as a discipline?

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