Business Continuity

business-continuity

In the past few years, Business Continuity Management (BCM) has emerged as one of the key tools organisations use to manage operational risk. BCM has evolved from being focused on the way organisations respond to unforeseen events, to being used to increase their preparedness and overall resilience.

The series of low probability events, ranging from pandemics, severe adverse weather and natural events to daily operational mishaps, not to mention higher levels of regulatory scrutiny, have alerted organisations to the need for precautions.

At the same time, organisations have trended towards greater leanness and e-efficiency, stretching their supply chains to the limit and further exposing them to the risks of supply chain stresses. With this, comes ever greater reliance on IT systems, so much so that organisations are unable to tolerate much IT systems downtime. Even a few hours of downtime could threaten the entire organisation’s survival.

Business Continuity and Disaster Recovery (DR) preparedness thus has become a key consideration for organisations across regions and industries.

i3 advises organisations on BCM and DR strategy, BCM frameworks and solutions, the development of Business Continuity Plans, Disaster Recovery Plans, as well as BCM and DR health checks.