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ISO 22301:2019
BUSINESS CONTINUITY MANAGEMENT SYSTEMS
What is ISO 22301?
ISO 22301 certification is an international standard that specifies the framework required for a business continuity management system (BCMS).
It provides guidelines for organizations to plan, implement, review and continually improve a BCMS to protect, reduce, prepare and recover from disruptive incidents whenever they encounter them.
The business continuity standard helps organizations to identify the potential threats to their business and prepare strategies and plans to cope up and minimize the effects of these threats.
The process of obtaining ISO 22301 certification involves a thorough audit by an independent third party, which assesses whether the organization’s BCMS regulations meet the criteria by the ISO 22301 standard.
Benefits of ISO 22301 Certification
The organizations which obtain ISO 22301 certification would be able to enjoy numerous advantages. Some of them are:
The certification ISO22301 helps make organizations resilient by improving their ability to recover from and continue operations after any accident or mishap. The business continuity standard aids organizations in identifying the critical business processes and the impact of disruptions thus ensuring revival of business incase of any potential disruption.
If an organization is certified, it shows their commitment towards resilience which gives them an edge over the competitors. This could be their significant selling point when bidding for new contracts or clients.
The certification provides assurance to clients, suppliers, and stakeholders regarding the organization’s ability to respond during a crisis.
ISO 22301 assists organizations in meeting legal and regulatory requirements which are related to business continuity standards. ISO 22301 certification ensures that an organization’s BCMS meets these regulatory requirements, reducing risk of legal fines and penalties.
The standard provides a framework for identifying potential risks and threats that could occur, also providing guidelines to lessen the effects of these risks.
Requirements of ISO 22301
If any organization wants to attain ISO22301 certification it must implement a Business Continuity Management System BCMS that must follow the given requirements:
The organization must be able to determine the internal and external factors that affect its ability to achieve its objectives.
It is the responsibility of top management to show their commitment towards BCMS and ensure that the responsibilities and authorities have been well defined in the organization.
The organization must be able to understand and assess the potential impact of disruptive incidents on crucial business functions. This information helps organizations to develop strategies to lessen risks and ensure continuity.
Regular monitoring, analyzing and reviewing the BCMS are essential to ensure the ongoing effectiveness of it in the organization. The organizations must regularly audit their BCMS, review their performances and make improvements as needed.
The organizations must identify and implement the necessary actions to gradually and continually improve the ISO 22301 standards. A professional and certified business continuity manager would ensure to carry necessary checks to maintain the standards of BCMS.
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