Business Continuity Management
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Description
Business Continuity Management
Dependencies on information and communication technologies, threats to critical infrastructures through terrorism, cybercrime or extraordinary crises such as the current COVID-19 pandemic as well as threats to energy suppliers require systems that are optimally prepared for these situations. Only in this way is it possible for small, medium-sized and large companies to react appropriately to emergencies and crises. As a result of the current pandemic, many companies are in active crisis management and are trying to react to the consequences of the crisis at short notice. At the same time, appropriate crisis management also strengthens a company’s resilience in the medium and long term. Business continuity management (BCM) provides a framework for action to maintain a company’s ability to work during and after an unforeseen business interruption. BCM is a holistic management process that a) identifies potential threats to a company from unforeseen events and b) builds a framework to improve a company’s resilience and response to such events to protect the interests of shareholders, the company’s image and the value chain. According to this definition, the term BCM thus goes far beyond the preservation of business processes in the event of disasters or similar incidents.
