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Business continuity management is pivotal because market sustainability is a priority. The ISO 22301 business continuity management standard is a global benchmark for companies regardless of size, type, and revenue margins. This standard sets the policies, procedures for implementation, maintaining a stringent security resilience system. A company must always be prepared to avoid familiar risks and adverse situations to ensure continuity. If there are not enough initiatives to respond to emergency problems, both financial and human resources will be at stake.

This international standard works as a formal guideline. It generates awareness regarding the significance of a robust security and resilience enforcement program. The standard comes with several policies and procedures too, making the entire implementation journey hassle-free. Unfortunately, more than 51% of the small and medium-sized companies in Australia do not pursue the ISO 22301 certification. The reason is either ignorance towards the fundamental relevance or lack of management initiatives.

People often consider the ISO 22301 standard to be a comprehensive risk management mentor for business organisations. When implemented properly in the system, a company earns the ability to maintain compliance with its stakeholders. For that fact, the clauses and conditions of the ISO 22301 are to be met and justified without leaving any non-conformity. The following blog will outline the basic facets of global business continuity management system in detail.

What are the basic terminologies of the ISO 22301 business continuity management standard?

• Business continuity management system

• Maximum acceptable outage

• Recovery time objective

• Recovery point objective

• Minimum business continuity objective

What are the clauses of the ISO 22301 business continuity management standard?

The number of regulatory clauses is ten. Clauses one through three are the normative references, and pivotal guidelines start at clause 4. The following explains them all.

Clause 4 – Organisational context

• Determining what output a company needs to sustain

• Understand the fundamental type, mode of operations, mission, and vision statement

• Identify the prime stakeholders and the interested parties

• The regulatory requirements

• Scope, goals, products, and services associated with the ISO 22301 standard

Clause 5 – Leadership

• For continuous support and communication, a team of leaders is to be identified and hired

• The top management must develop policies and establish a team of accountable leaders

• The lead experts must have a strong hold on the communication modes and ensure each employee cooperates with proactivity

Clause 6 – Planning

• A well-executed plan for risk identification and mitigation

• Impact analysis of the previous risks

• Set measurable and BCMS objectives

• Each objective should be communicated among all stakeholders

Clause 7 – Support

• Human resource

• Technical support

• Infrastructure

• Financial resources

• Training records

• Competence of the employees

Clause 8 – Operation

• Conducting business impact analysis

• Designing and establishing a business continuity strategy

• Developing and incorporating business continuity procedures

• Testing each business continuity procedure

Clause 9 – Performance evaluation

• Internal audits

• Time-to-time measurement

• Monitoring

• Analysis and review

Clause 10 – Continual improvement

• Enforcing corrective measures

• Checking the progress

What are the precise requirements to keep under consideration?

• Requirement identification

• Support from the management and the authority

• Continuity policy and objectives

• Support documents

• Risk assessment and aversion plan

• Analysis of business impact

• A full-proof strategy for business continuity

• A business continuity plan

• Employee training and awareness programs

• Maintenance of the documents

• Testing and practicing

• Post-incident reviews

• Communication with the stakeholders

• Evaluation

• Audit

• Corrective measures

• Management reviews

What is the mandatory documentation for compliance?

• Documents should produce the following:

• Legal Requirements

• Scope of the BCMS

• Continuity policy and objectives

• Evidence of individual competence

• Communication procedures

• Records of the disruption

• Incident response structure

• Recovery process

• Extracts from the monitoring and measurement

• Result of internal audit, management review, and corrective actions

Do you wish to implement the ISO 22301 business continuity management system? If yes, contact us at Compliancehelp. We are one Australia’s premier firms for achieving any ISO certification. Allow us to help you resolve all sorts of inquiries and questions regarding these topics. You can also hire us for our bespoke solutions for the ISO 22301, which will guide you through the exhausting process of certification without any difficulties. If you wish to learn more about the system implementation, then our experts have the best way to teach you. Get help choosing the right certification.