BCM is a management process that identifies risk, threats and vulnerabilities that could impact an entity's continued operations and provides a framework for building organizational resilience and the capability for an effective response. The objective of Business Continuity Management is to make the entity more resilient to potential threats and allow the entity to resume or continue operations under adverse or abnormal conditions. This is accomplished by the introduction of appropriate resilience strategies to reduce the likelihood and impact of a threat and the development of plans to respond and recover from threats that cannot be controlled or mitigated.
‚Äč Or emergency management is the creation of plans through which communities reduce vulnerability to hazards and cope with disasters. Disaster management does not avert or eliminate the threats; instead, it focuses on creating plans to decrease the effect of disasters. Failure to create a plan could lead to human mortality, lost revenue, and damage to assets. Currently in the United States 60 percent of businesses do not have emergency management plans. Events covered by disaster management include acts of terrorism, industrial sabotage, fire, natural disasters (such as earthquakes, hurricanes, etc.), public disorder, industrial accidents, and communication failures.

  • BCM and disaster management of increasing importance in a globalized corporate environment
  • Most corporates realize the importance of preparing detailed BCM plans and conducting regular drills
  • Vertical would draw on domain expertise and experience of senior BCM professionals amongst members
  • Advise members on their BCM requirements and plans
  • Publish data and case studies for members
  • Vet and empanel certified BCM and disaster management consultants
  • Be the voice of this industry and liaise with central and state authorities on their plans, assistance and readiness in disaster management scenarios
  • Issue advisories to members where appropriate on avoiding/managing threats to business continuity/employee safety