Interruptions in business processes cause directly measurable financial losses to the companies. Apart from them, interruptions in operations can cause other damages that are not directly measurable, but which can have serious consequences for the business, such as loss of credibility, market position and the company's reputation.
In addition to planning responses in the event of catastrophic events (e.g, fires, natural disasters, etc.), BCM includes any other event that may cause disruption of the business (termination of service by the supplier, computer and network systems failure etc.) that have a direct impact and can cause losses to the business.
Through the systematic approach that includes:
- identification of key business processes and Business Impact Assessment,
- definition of a BCP strategy,
- drafting BCP and DRP plans,
- plans testing and
- establishing procedures for maintaining and improving the BCM process,
- emergency planning,
- emergency management,
- launching alternative business processes if necessary,
- recovery operations.