The process of 'Business Continuity Management' (BCM) broadly comprises the following:

1. Risk Assessment

Identifying the various internal and external risks that your business may be exposed to... More

2. Business Impact Analysis

Examining the interconnections between risks and their relative potential impacts... More

3. Business Continuity Planning

Developing, with you, a practical plan both mitigating and recovering from business risks... More

To achieve a valid and tailored BCM outcome, we of course need to work very closely with your seniour management and staff.

The depth of analysis and planning depends very much on the nature and size of your specific business. There is typically measurable value to be gained even when a more cursory 'low hanging fruit' approach is taken.

BCM is a mandatory element of any large international business and, like compliance management, can have disastrous consequences if not done correctly.

The impact on a smaller Bay of Plenty enterprise may not be so obvious at first but it is certainly true that most of the discipline that comes out of a BCM exercise makes practical business sense. We stress that your insurance remains a vital business asset alongside BCM but, as businesses in Christchurch have learned, it does have limitations on what is covered by any policy and the timeframes involved.