What is ISO 22301:2019 – Business Continuity Management?
ISO 22301 deals with the management of business continuity. It aims to mitigate problems of service in the event of an emergency; thereby protecting companies against their inability to do business. ISO 22301 gives confidence that a business has systems and controls in place to prevent unwanted occurrences and deal with any situations that may arise, enabling continuity of trading.
Benefits of ISO 22301:
- Ensures continuity of provided products and services and reduces impact of emergencies and breakdowns
- Increases the organization’s credibility for partners and customers
- Cut down on insurance premiums
- Ensures compliance with legislation, regulators and customers
Key Changes of ISO 22301:2012 to ISO 22301:2019:
1.Clause 8- Operation
2.BIA Impact Types
3.Strategies and Solutions
4.Consider Costs and Benefits
5.Distributing BCM across the organization
6.New Clause 8.6
7.Planning changes to the BCMS
Announced on October 31 2019, ISO 22301:2019 is replacing ISO 22301:2012. Existing clients certified to ISO 22301:2012 have 3 years to transit to the new ISO 22301:2019 standard.
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