What's the worst that could happen? Two out of five enterprises that suffer a disaster will go out of business in five years, according to research by the Gartner Group. Michael Gallagher explains how an effective continuity management plan can improve your firm's chances of survival.

Financial Management (UK)Nbr. 2003, May 2003

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How To Business Continuity

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What's the worst that could happen? Two out of five enterprises that suffer a disaster will go out of business in five years, according to research by the Gartner Group. Michael Gallagher explains how an effective continuity management plan can improve your firm's chances of survival.

Business continuity management (BCM) is defined by the Business Continuity Institute as "the act of anticipating incidents that will affect mission-critical functions and processes for the organisation and ensuring that it responds to any incident in a planned and rehearsed manner".

This definition focuses on three key factors:

* The organisation must examine the risks to which it is exposed and consider how best to manage them if an incident occurs. The terminology is important: the word "disas...

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