What is BCM? 5 Reasons Your Company Needs One

You’ve heard us talk about and read our articles on business continuity and disaster recovery (BCDR) plans. Have you heard about a BCM? A business continuity management plan?

A BCM includes:

  1. Strategies
  2. Plans
  3. Actions for managing a crisis
  4. Business recovery planning
  5. How to recover from an IT disaster

A company business continuity management plan will help a company:

  1. Identify potential threats (did you see a coronavirus pandemic occurring?)
  2. Offers safeguards to stakeholders
  3. Helps protect the company reputation
  4. Addresses business survival tactics
  5. Takes into consideration: fire, flood and yes, pandemic and company shutdown or workforce shifts

In essence a business continuity management plan is comparable to a business continuity and disaster recovery plan. The components are the same although the title varies.

What is BCM? 5 Reasons Your Company Needs One

Having a risk management strategy in place is critical for every business. From a solopreneur to a multi-site business, risk is all around. The solopreneur needs to know how it will function if the power goes out – for example. The multi-site business needs to have a plan in place for the same contingency even though it’s on a larger scale.

What is a BCM?

Your business continuity management plan may address:

  1. Cyber attacks
  2. Natural or manmade disasters
  3. Employee unavailability
  4. How will your manufacturing continue if there is a break in the supply chain
  5. How will your company react and recover from a hit to its reputation
  6. Other unforeseen issues

You need to know how your business will cope and continue to operate and serve clients in any number of these situations mentioned above – or situations unique to your industry and/or location.

The coronavirus pandemic has caused many business owners to rethink their risk mitigation and business continuity plans. Not all – in fact, not many – business owners considered a completely work-from-home situation and weren’t ready to send all employees home with their workstations. Hardware and software purchases, in many instances, weren’t budgeted for in the BCM.

Did your company have a business continuity management plan in place? Do you need to rework your current BCM? If you’re not sure where to start or if you know you need to review your current plan, schedule an appointment with Seth Melendez, a BCM and BCDR expert. He can also discuss a 360 Data Protection service that can protect you and your company’s most valuable asset – its data.

WareGeeks Solutions is a Roselle, New Jersey-based complete IT consultant and solutions provider. We specialize in 360 Protect Data Now managed services, Data Protection, Business Continuity and Disaster Recovery (#BCDR). We work with law firms, real estate and property management professionals and in the healthcare industry. If you have IT or security questions contact Seth at WareGeeks Solutions. For information or a consultation, call (877) 653-7146, or email us at info@waregeeks.comwww.waregeeks.com 

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