Rokajax search

Saturday, 25th June 2022



  • Home
  • Lopez Companies
    • Business and Finance
    • Calendar
    • Promos and Offers
    • Lopez Group Companies
  • HR Updates
    • HR Council
    • Business Excellence
    • Job Opportunities
  • Employee News
    • Message from Lopez
    • Meet the Executive
    • Meet the Team
    • Milestones
    • Spotlight
    • Advocacy
  • Corporate Sustainability
    • ABS-CBN Foundation
    • Sagip Kapamilya
    • OML Climate Change Center
    • Knowledge Channel
    • Lopez Museum
  • Lifestyle
    • Kapamilya Entertainment
    • Power Plant Mall Finds
    • ABS-CBN Publications
    • Food and Recipes
    • Lifelong Wellness
  • Blog
  • Lopez Values
    • 7 Lopez Values
    • The Credo
    • Web Comics
    • Special Feature

Business Continuity Management 101

Twitter

Business Continuity Management (BCM) is defined as “a rehearsed way to bring back or return to normal process of delivery your products or services to your customers.”

BCM serves as a road map in case of a business interruption. Having the framework in place allows the company to minimize losses, shorten recovery time and gain a competitive advantage as it demonstrates its ability to maintain delivery.

“We’re the bad guys who will say, for example, ‘Maybe you’re in denial that there’s a real estate bubble.’ We’re the bearer of bad news, the ones who will challenge your views,”

says Rene Mayol, First Philippine Holdings Corporation’s BCM lead.

An example of a successful BCM implementation is First Gas. In 2012, the company carried out measures that kept its power plants running after several of its transformers malfunctioned. Mayol credits First Gas personnel for immediately activating the company’s BCM plan, considerably reducing the plants’ downtime.

A good BCM starts with risk assessment, where companies— or even households— determine the likelihood and impact of a variety of scenarios.

These include “civil unrest, communications failure, computer crime or attack, earthquake, explosion, fire, flooding, hurricane and tropical storms, infectious disease, landslides and subsidence, loss of key supplier/customer, system failure, transportation accidents, volcanic eruption, windstorm and workplace violence.”

“We ask what their business and strategic objectives are. Based on that, we present the things that can possibly happen that would prevent them from achieving these goals,” Mayol says.

The companies then “assess the effectiveness of mitigating measures for strategy and action plans, availability of resources (time, money and people), competency and engagement of people, review and improvement.”

More Articles from Lopezlink

ABS-CBN declares cash dividends

ABS-CBN declares cash dividends

4th-gen Lopez launches new children’s book

4th-gen Lopez launches new children’s book

Stewardship and fidelity

Stewardship and fidelity

EDC cited as one of Asia’s leading sustainability advocates

EDC cited as one of Asia’s leading sustainability advocates

ABS-CBN partners with Pagasa, MMDA, NDRRMC for real-time alerts

ABS-CBN partners with Pagasa, MMDA, NDRRMC for real-time alerts

Marjon Dayo: ‘How Ang Misyon changed me’

Marjon Dayo: ‘How Ang Misyon changed me’

De Jesus makes ‘Modern Governance 100’ list

De Jesus makes ‘Modern Governance 100’ list

Lopez Holdings posts P5.893B net income attributable to parent

Lopez Holdings posts P5.893B net income attributable to parent

Comptrollers’ Circle leads the way to ‘next normal’

Comptrollers’ Circle leads the way to ‘next normal’

Meet the Team of SKYBIZ

Meet the Team of SKYBIZ

‘Batang Bibo’: More than just fun and games

‘Batang Bibo’: More than just fun and games

SKYdirect hits 1M subscribers

SKYdirect hits 1M subscribers

KCFI, Rotary District 3830 train teachers for new normal

KCFI, Rotary District 3830 train teachers for new normal

EDC, Silliman plant 100 trees to kick off BINHI arboretum

EDC, Silliman plant 100 trees to kick off BINHI arboretum

Orchestra of the Filipino Youth to perform in the U.S.

Orchestra of the Filipino Youth to perform in the U.S.

ABS-CBN Publications

‘Pantawid ng Pag-ibig’ concert records 3.7M online views

‘Pantawid ng Pag-ibig’ concert records 3.7M online views

ABS-CBN’s “Pantawid ng Pag-ibig: At Home Together Concert” recorded 3.7 million views during its livestreaming across the network’s digital platforms on March 22.

Subscribe to Lopezlink

Lopez Holdings Corp. All rights reserved



About Us | Copyright | Sitemap | Archive