Business continuity management is the development of strategies, plans and actions that provide protection or alternative modes of operation for those activities or business processes which, if they were to be interrupted, might otherwise bring about a seriously damaging or potentially significant loss to the enterprise.
Extreme weather, crippling failure of mission-critical systems, cyberattacks, supply chain disruption and pandemic risks are just some examples of events that can impact organizations adversely. Yet the reality is that many companies never see or fully consider potential threats to their business until the damage has been done. During such times, business can come to a standstill.
Many of the aforementioned risks are evolving and presenting growing business continuity and disaster recovery challenges for businesses, particularly with regard to maintaining critical IT systems and processes. This is the focus of the third edition of Protiviti’s Guide to Business Continuity Management: Frequently Asked Questions. Our intention is to help companies get ahead of these risks by building sustainable business continuity plans.