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Bosses 'placing increasing emphasis on business continuity management'

05 July 2011

Heads of companies and organizations are increasingly turning to business continuity management (BCM) to help them respond to disasters.

This is according to a new report from Ernst & Young Australia, which suggested incidents in the Asia Pacific region such as the earthquake and tsunami in Japan, the Christchurch earthquake in New Zealand and flooding in Queensland and Victoria in Australia have driven this fresh focus on the issue, while communication technology is assisting with response efforts.

In addition to ensuring they are compliant with BCM standards, the agency noted many organizations are now checking that disaster recovery plans are robust and have been tested, with the crises cited highlighting the need for effective management in the event of operations being disrupted.

"A risk-based approach to resilience planning … is important to achieve continuity plans that meet the specific objectives of each organization or community," the report concluded.

The March 11th earthquake in Japan caused a meltdown at the Fukushima nuclear power plant in the north of the country, as cooling systems were damaged, leading to radioactive material leaking from the facility.

Download the report from Ernst and Young here (PDF 551Kb)