The speed with which modern business is transacted means that a disruption of only a few hours could have a sizeable impact on the profitability, reputation and long-term viability of an organisation. More importantly, during this current economic downturn, businesses are already feeling the pressure of significant revenue declines, disappearing profits and tightening cash flow. Losing business records or simply being "down" without access to vital customer and invoicing information can make a challenging economic climate impossible to manage through.
Business Continuity Management (BCM) provides organisations with the capability to respond to and cope with disruptions to their business.
BCM is a holistic management approach that identifies potential risks that threaten an organisation and provides a framework for building resilience and capability for an effective response that safeguards the interests of key stakeholders.
Organisations cannot possibly prepare for every scenario but the more extensive planning and preparation, the better prepared is the organisation to react to the unexpected.
Our BCM methodology incorporated five (5) phases. The phases take an organisation from prioritising core business processes and developing recovery strategies, through to creating and testing the plans for each critical business unit. This methodology will be applied to deliver our services to the critical departments at your location(s).
Partner - Advisory, PwC Cyprus
Partner, Advisory, PwC Cyprus