[BCM] [FP] [E2] [C8] Summary

Chapter 8

Conclusion: Strengthening BCM for Frasers Property

This eBook has provided a comprehensive framework for implementing Business Continuity Management (BCM) at Frasers Property.

By systematically understanding the organisation and applying a structured BCM planning methodology, Frasers Property can enhance its resilience against disruptions and ensure operational continuity.

Understanding the Organisation

The foundation of a robust BCM program begins with a deep understanding of the organisation. This includes:

1. Introducing BCM for Frasers Property – Establishing the need for a structured BCM framework tailored to the company's operations.
2. Understanding Frasers Property – Analysing the company’s structure, operational scope, and critical dependencies.
3. Identifying BCM Goals – Defining key objectives that align with the company’s strategic priorities.
4. Establishing BC Objectives – Setting measurable and achievable continuity objectives to guide the BCM framework.
5. Determining BC Assumptions – Recognising potential risks, resource constraints, and critical success factors.
6. Developing BCM Team Composition – Forming a dedicated BCM team with clear roles and responsibilities.
7. Analysing Operating Environment – Assessing internal and external factors that influence business continuity.

This structured approach ensures that BCM planning is aligned with Frasers Property’s unique operational needs and risk landscape.

Implementing Business Continuity Management for Frasers Property

Building on the foundational understanding, the next step is the structured implementation of BCM through a seven-phase methodology:

1. Project Management (PM) – Establishing governance, resource allocation, and oversight for BCM implementation.
2. Risk Analysis and Review (RAR) – Identifying and evaluating potential threats that could disrupt operations.
3. Business Impact Analysis (BIA) – Assessing the consequences of disruptions on critical functions and setting recovery priorities.
4. Business Continuity Strategy (BCS) – Developing strategies to mitigate risks and ensure operational resilience.
5. Plan Development (PD) – Documenting detailed response and recovery plans to guide action during disruptions.
6. Testing and Exercising (TE) – Conducting simulations and drills to validate the effectiveness of BCM plans.
7. Program Management (PgM) – Ensuring ongoing BCM maintenance, continuous improvement, and organisational awareness.

Final Thoughts

A well-implemented BCM framework empowers Frasers Property to proactively manage disruptions, safeguard stakeholder interests, and maintain business stability.

By following the methodologies outlined in this eBook, Frasers Property can build a resilient organisation capable of withstanding unforeseen challenges while sustaining growth and operational excellence.

As business continuity evolves, Frasers Property must continuously review and refine its BCM strategies to adapt to changing risks and business landscapes. The journey toward resilience is ongoing, and this eBook is vital.