The Conception of Business Continuity Management: Theoretical and Applied Aspects

• Main Author: Mushynskyi Bohdan M.
• Format: Article
• Language: English
• Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2018-08-01
• Series: Bìznes Inform
• Subjects: risk management; cybersecurity; Information systems; continuity; recovery; disruption; crisis
• Online Access: http://www.business-inform.net/export_pdf/business-inform-2018-8_0-pages-185_190.pdf

The article is aimed at analyzing all components of the process of business continuity management (BCM) and crisis management, and identifying ways of its practical implementation. This article defines the basic elements of working with Continuity Plans, and allocates the main errors that should be addressed to specialists when introducing the BCM. The research showed that business continuity management ensures the consolidation of all the measures applied at the enterprise in a holistic, adequate towards real threats as well as managed complex, allowing the company to continuously provide services, to avoid impact of emergency situations on the activity and minimize possible damage. The importance of differentiation of Crisis management in a separate integrated direction with its standards and Plans is displayed. This complex consists of many components that must be implemented in the company to ensure the continuity of service delivery and production of products. The author describes each stage with reference to real problems of application and to the best world practices, also mentioning the points, on which it is necessary to pay attention at realization of program of introduction of the BCM.