How important is it to develop a Business Continuity Model (BCM) Essay

How important is it to develop a Business Continuity Model (BCM) strategy Critically assess the three manikins of Business Contin - Essay good exampleHowever, there are other systems or concern continuity gravels that are more elaborate. For the Institute of interior Auditors, stock continuity management is a outgrowth by which an organisation prepares for future incidents that could jeopardise the organisations core mission and its long-term viability (2008, p. 3). Some of the incidents that can affect an organisation include fires, earthquakes, and pandemics (Institute of Internal Auditors 2008, p. 3). Meanwhile, the key components of business continuity management are management support, risk assessment and risk mitigation, business impact analysis, business recovery and continuity strategy, sensory faculty and training, exercises and drill, and maintenance (Institute of Internal Auditors 2008, p. 3). For business continuity strategies, the Institute of Internal Auditors ( 2008, p. 3) has identified that the business continuity strategies that can be adopted include the following 1. manual of arms work processes when computer systems are down 2. Outsourcing when work can be performed by external companies, competitors, or secondary vendors 3. Recovery solutions for data 4. Employment of ersatz staffing or mobilisation of other staff members who can perform certain job functions and 5. Use of alternative facilities. In contrast, the Department of Health of the United estate has a more proactive perspective to business continuity. For the Department of Health of the United Kingdom (2011), the objective of business continuity management is to counteract interruptions to business activities and to protect critical business processes from the effects of major failures or disasters. Business continuity management covers controls to identify and reduce risks, limit the consequences of damaging incidents, and ensure the well-timed resumption of essential o perations (UK Department of Health 2011). The business continuity model adopted by the United Kingdom Deparment of Health is a 10-point model consisting of the following 1. Project initiation and management 2. Risks evaluation and control 3. Business impact analysis 4. Developing business continuity strategies 5. Developing and implementing procedures for emergency rejoinder and operations 6. Developing and implementing business continuity plans 7. Building awareness and training programs 8. Maintaining and exercising business continuity plans 9. Formulating public relations and crisis co-ordination plans and response and 10. Coordination with authorities. Forrester Research (2006, p. 2) specify business continuity mainly in terms of workforce continuity and defined it as a strategy that provides for connecting a dispersed workforce to the applications, data, and communication theory they need in instances where pandemics, strikes, natural disasters, or other events prevent the w orkforce from reaching a corporate facility. For Forrester Research (2006, p. 3-4), just like Tammineedi (2010), business continuity involves three phases business impact analysis, local threat assessment, and business continuity plan development and maintenance. In the Forrester Researchs first phase or business impact analysis, the enterprise must identify the most critical business operations and resources (2006, p. 3). According to Forrester Research (2006, p. 3), the critical resources cover learning technology, human resources, business partners,