CHAPTER 1: INTRODUCING BUSINESS CONTINUITY MANAGEMENT
What is business continuity management?
Business continuity management (BCM), or business continuity (BC) as it is more commonly named, is essentially a form of risk management that deals with the risk of business activities, or processes, being interrupted by external factors, as distinct from business or commercial risks, such as, for example, the loss of a supplier or foreign exchange losses.
All organisations conduct risk management in connection with many, or even all, of their activities; however, this is often done intuitively and is unlikely to cover all aspects of the organisation’s operations.
Organisations of all types carry a variety of risks, both operational and strategic.