What is ISO 22301?
The full name of this standard is ISO 22301:2019 Security and resilience – Business continuity management systems – Requirements. It is an international standard published by the International Organization for Standardization (ISO), and it describes how to manage business continuity in an organization. This standard is written by leading business continuity experts and provides the best framework for managing business continuity in an organization.
One of the features that differentiates this standard from other business continuity frameworks/standards is that an organization can become certified by an accredited certification body, and will therefore be able to prove its compliance to its customers, partners, owners, and other stakeholders.
What are the benefits of business continuity?
There are four essential business benefits that a company can achieve with the implementation of this business continuity standard:
- Comply with legal requirements
- Achieve marketing advantage.
- Reduce dependence on individuals.
- Prevent large-scale damage.
How does ISO 22301 work?
The focus of ISO 22301 is to ensure continuity of business delivery of products and services after occurrence of disruptive events (e.g., natural disasters, man-made disasters, etc.). This is done by finding out business continuity priorities (through business impact analysis), what potential disruptive events can affect business operations (through risk assessment), defining what needs to be done to prevent such events from happening, and then defining how to recover minimal and normal operations in the shortest time possible (i.e., risk mitigation or risk treatment). Therefore, the main philosophy of ISO 22301 is based on analyzing impacts and managing risks: find out which activities are more important and which risks can affect them, and then systematically treat those risks.
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