What is ISO 22301 Business Continuity Standards and why do you need it?
Since it was first introduced in 2012, ISO 22301 has become the international benchmark for business continuity management systems. ISO 22301 is recognized globally and applies to all organizations regardless of size or industry.
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Even if you already have a business continuity plan (BCP) in place should a disruptive event occur, if this plan is not based on a proper risk analysis it can become outdated quickly, leaving your organization vulnerable. This is where an effective ISO 22301 compliant business continuity management system such as Plan4Continuity can vastly improve things.
1. What is ISO 22301?
ISO 22301 is the first business continuity-focused ISO standard. It complements the disciplines set out in ISO 27031 pertaining to disaster recovery. The ISO 27000 series is a comprehensive family of standards specifically focused on information security. ISO 27031 is a specialist standard that addresses business continuity with ISO 22301 taking over the detailed activity from there. It provides a practical framework for developing and managing an effective business continuity management system that can safeguard your organization from a wide range of potential threats and disruptions.
2. What are the benefits of ISO 22301 business continuity compliance?
ISO 22301 business continuity compliance helps protect assets, turnover and profits which, in turn, enables organizations to protect their income stream after the occurrence of a disruptive event and reduce further losses. It further ensures the continuity of business operations and helps maintain your organization’s service levels to its customers. Importantly, it can support business managers to assess the impacts of an operational disaster to ensure they make the right decisions in time, deploy an effective response, and so minimize overall impact.
Furthermore, organizations with an ISO 22301-compliant business continuity management system can improve customer confidence in the organisation’s ability to successfully respond to incidents including natural disasters and man-made disasters. Plan4Continuity is a useful compliance tool with which to implement well-defined disaster responses and detailed reporting so your organization can show that it is taking the necessary steps to comply with regulatory requirements, such as the EU General Data Protection Regulation (GDPR).
3. What are the benefits of ISO 22301 business continuity compliance?
ISO 22301 certification should be high on your organization’s priority list in order to demonstrate to stakeholders that you can rapidly overcome disruptive events and provide continued and effective service. Achieving ISO 22301 certification positions your organization within a unique group of companies that are demonstrating a commitment to business resilience.
Plan4Continuity acts as a full management system of a client’s business continuity activities and communications. It allows you to create ISO 22301 compliant plans that leverage the five most important elements of continuity planning namely, people, assets, services, locations, and vendors or suppliers to form the cornerstone of the business continuity ecosystem.