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Glossary definition: Business Continuity Management (BCM)

BCM: Ensuring Business Continuity & Resilience

Business Continuity Management (BCM) is a holistic management process that identifies potential threats to an organization and the impacts to business operations that those threats may have, and which provides a framework for building organizational resilience with the capability for an effective response that safeguards the interests of its key stakeholders, reputation, brand, and value-creating activities. It includes the development of policies and procedures for preventing, responding to, and recovering from disruptive events. BCM also includes the identification of an organization’s critical business functions, the development of recovery strategies, the implementation of plans and procedures, the testing of plans and procedures, and the maintenance of plans and procedures. BCM helps organizations to protect their operations, financials, customers, and stakeholders in the event of a disruption. It also helps organizations to maintain their competitive edge by ensuring the continuity of their operations, products and services in the face of any disruption.