Big changes expected in BCM
Over a third of business continuity professionals expect to see major changes in the way their companies manage business continuity in 2014.
This is according to research results released following an online survey performed by Continuity Central in the last quarter of 2103.
Overall, 126 responses were received, with 8.7% from business continuity professionals in small organisations (50 or less employees); 9.5% from medium sized organisations (51 to 250 employees); and 81.7% from large organisations (251+ employees).
Continuity Central reported that among the main areas of change mentioned by the respondents expecting to see changes were a significant increase in testing and/or exercising activities; major revisions to BCM strategies and/or BCP(s); new ISO 22301 alignment, implementation and certification projects; a more holistic approach to BCM; and changes in the business/organisational structure.
When respondents were asked what the 'the biggest challenge that may hold back business continuity developments within the organisation during 2014' would be, two key themes emerged. These were a lack of budget, funds and resources; and a lack of top management commitment, buy-in and support.
International and local speakers will address these and other challenges facing South African business continuity professionals at the upcoming ITWeb Business Resilience 2014 conference. Speakers will cover a comprehensive range of topics, including an assessment of the top business continuity threats local companies face, developing an effective resilience strategy and plan of action that covers the business, and understanding legal requirements and the role of corporate governance.
The half-day workshop that follows the conference will cover how best to develop a business impact analysis (BIA) that ensures compliance with new and existing standards. The first session will explore how delegates canget to grips with the principles of BIA and how it contributes to BCM; scope, define and deliver a BIA project; and learn how to identify and prioritise critical business functions.
The ITWeb Business Resilience 2014 conference will take place at The Forum in Bryanston on 19 and 20 August. Click here to find out more, qualify for a 20% early-bird discount and register for the event.