Best Practices for Securing Management Support for BCM Initiatives
Management buy-in is crucial for successful business continuity management (BCM) initiatives.
To secure support, focus on the business impact. Quantify potential disruption costs and showcase how BCM minimizes them. Align BCM with strategic goals, demonstrating how resilience fosters adaptation and opportunity.
Next, promote early engagement. Approach senior leaders directly and build champions within the organisation. Transparency is key. Develop a clear communication plan and provide regular updates on progress and successes.
Finally, it emphasises BCM's return on investment. To manage budget concerns, it shows its cost-effectiveness and proposes a phased implementation.
Leverage industry best practices and highlight how BCM grants a competitive edge. By effectively communicating these points, you can secure the backing needed for a robust BCM program.
Here are some best practices for securing management support for business continuity management (BCM) initiatives within your organisation.
Highlight the Business Case
Focus on Impact
Translate BCM from a technical concept to a business imperative. Quantify the potential cost of disruptions using data on lost revenue, productivity, or reputational damage. Show how a strong BCM plan can minimise these impacts.
Align with Strategic Goals
Demonstrate how BCM supports broader organizational objectives. Show how a resilient organization can better adapt to changing market conditions or seize new opportunities.
Secure Early Engagement
Start at the Top
Do not wait for a crisis or disaster to get leadership on board. Approach senior managers directly and explain the importance of BCM.
Build Champions
Identify influential individuals within the organisation who understand the value of BCM and can advocate for its implementation.
Emphasise Transparency and Communication
Clear and Concise Communication
Develop a clear communication plan outlining the BCM initiative's goals, benefits, and resource requirements. Present the information in a way that resonates with your audience, avoiding overly technical jargon.
I often share this good practice with my participants about "Please Speak English to Your Management"
Regular Updates
Regular updates inform management of BCM's progress and highlight successes, such as improved recovery times or mitigated risks.
Demonstrate ROI (Return on Investment)
Cost-Effectiveness
When presenting your BCM plan, emphasise its cost-effectiveness. Show how it can save the organization money in the long run by preventing disruptions and minimizing downtime.
Phased Implementation
Propose a phased implementation approach to make BCM more manageable from a budget perspective. Start with the most critical areas and gradually expand the program.
Leverage Industry Benchmarks
Show Industry Standards
Demonstrate that BCM is a best practice aligned with industry standards and regulations. This will add credibility to your initiative.
Competitive Advantage
Highlight how a robust BCM program can give your organization a competitive edge by ensuring operational continuity during disruptions that might halt your competitors.
Summing Up ...
By following these best practices, you can effectively communicate the value of BCM to your organisation's leadership and secure the support necessary to build a strong and sustainable business continuity program.
This is a series of questions asked during the monthly BCM Institute's Meet-the-Expert seminar. Questions that were not answered due to the lack of time and their relevance to the speaker's topic will be deferred.
However, I felt this was very relevant, hence the short reply to the questions. I hope it is useful.
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More Information About Business Continuity Management Courses
To learn more about the course and schedule, click the buttons below for the BCM-300 Business Continuity Management Implementer [BCM-3] and the BCM-5000 Business Continuity Management Expert Implementer [BCM-5].
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Please feel free to send us a note if you have any questions.
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