Page 22 - Insurance Times February 2023

Business

Continuity

and Disaster

Lajpat Ray Chandnani
lajju1954@gmail.com
Management www.lajju.in

Business Continuity Management is inextricably linked to the Risk Management - one is the
consequence of the other. Where Business continuity Management (including Planning and Testing)
comes into force is through impact.

In preparing for battle I have always found that plans core business activities (Business As Usual). The Business
are useless, but planning is indispensable. Continuity Management Framework is based on the
preparation of :
-- General Dwight Eisenhower
Business continuity Plans (BCP) for key areas and activities
of the Organization
No business can afford to have the lights off, not for a second!
One can monitor and reduce risk, but incidents will happen. Disaster recovery planning for critical infrastructure and
resources
What is Business Continuity Management: Communication and media liaison strategies, and
Organization's business strategies and decisions are based
Crises management and recovery, and emergency
on the assumption that the Organization will continue to
planning.
operate as normal on a daily basis. While Risk Management
is about identifying possible risks and putting into place Link to Risk Management :
treatments to try to prevent an occurrence that impacts on
Business Continuity Management is inextricably linked to the
its operations, Business continuity Management (BCM) detail
Risk Management - one is the consequence of the other.
is the necessary procedures and strategies that are to be
Where Business continuity Management (including Planning
auctioned should an actual disruption occur. The objective of
and Testing) comes into force is through impact. The risk
Business Continuity Management is to ensure the
event has occurred, how should the Organization respond,
uninterrupted availability of all key business resources
recover and restore to fully operations?
required to support essential (or critical) business activities.
Similarly to Risk Management, the scale and timing of
The Business Continuity Management framework sets out incidents/events cannot be reliable predicted, however the
the process and tools necessary to enable rapid response to difference lies in being able to categories where the known
incidents, recovery of key processes and restoration to the impacts can occur.

20 January 2023 The Insurance Times