BCM Institute’s courses are compliant with the international BCM Standards of ISO22301. I remember being summon by a large government agency (one of the strictest due diligence that I have encountered by a government body) regarding the fact that there are three other consultants in Singapore (and the organizations that they represent) that one can blatantly claim that they developed the SS540 (previously known as Technical Reference TR19). D&B Hoovers provides sales leads and sales intelligence data on over 120 million companies like BCM Entertainment, Inc. around the world, including contacts, financials, and competitor information. What is the unique about SS540 is that the “Project Management” phase is not part of the Singapore Standard SS540:2008. The BCM framework matrix provides a coverage which makes the SS540:2008 a comprehensive BCM standard. Tue 12 [BL-CM-5] RUN 1. Financial BCM acronym meaning defined here. The figure below illustrates how a BCM system obtain inputs from the BCM requirements and expectations of stakeholders, through the PDCA and produces various risk management outcomes that aims to meet those requirements and expectations. Electric windows,A/C functions, electric mirrors,electric locks,security systems, etc. The reader may notice that this phase is not part of the standard. It also provides the structure through which the company objectives are set, and the means of attaining those objectives and monitoring performance can be defined narrowly as the relationship of a company to its shareholders. The potential impacts of risks actually occurring to an organization and affecting its ability to achieve its business operation and service can be obtained by conducting a business impact analysis. BCM activities in each of the 6 BCM areas identified above therefore can be further examined in terms of the following 4 components: Executive Management of the organization needs to stipulate policies to guide BCM efforts to be carried out by staff in the organization. The later would include, where possible, quantifying the loss impact from both a number of days of business disruption and a financial standpoint. In addition, BCM efforts go towards reducing the risks and their impacts on the operation processes in the organization. The key is to use the BCM Planning Methodology as a common approach within your organization. Foremost Executive Management needs to be convinced of the importance and need for business continuity. NAVIGATE. SFF x SWITCH 2020 Draws 3.5 Million Views Over 5 days. Figure 2 show the correlations between the methodology and the BCM areas. It spells out the rules and procedures for making decisions on corporate affairs. [2] BCM SS540 (2009). He hold a PhD and also been awarded the highest level of certification from the three major business continuity management institutes. Tags: BCMS, BCP, Business Continuity, Disaster Recovery | Business Continuity Management Institute (BCM Institute) Glossary in Wiki (Version 1.0) or BCMpedia provides Business Continuity (BC), Crisis Management (CM), Crisis Communication (CC), BCM Audit and Disaster Recovery (DR), Professional with definitions that help to reduce confusion, thus promoting a common understanding and interpretation when implementing the BCM planning process. This paper starts with a history of the standard implementation, an introduction to the concept of BCM and BC and summing up with the framework within the SS540:2008 standard. If an organization is certifying itself to the BCMS SS540:2008, they should be in the “Programme Management” phase as the BCP project should be long over. Business Continuity Management Institute or BCM Institute is a leading global Business Continuity Management (BCM) Institute. Besides the writing the two national standards, he had authored nine business continuity management books, created the first Wikipedia for BC and disaster recovery www.BCMpedia.org. The standard was guided by the Business Continuity Management (BCM) Council and supported by the BCM Technical Committee to develop the Technical Reference. Based on these potential loss impacts the organization would deliberate and select the appropriate strategy or strategies to safeguards its interests. Each message is strictly encrypted, and no third party can decipher the content. For example, a policy requiring all business units to appoint and assign BCM responsibility to a specific staff to participate in the organization BCM. Deputy Prime Minister and Coordinating Minister for National Security. With over 8,000 members in more than 100 countries, our network of business continuity and resilience professionals help to keep the world’s organizations on track, no matter what happens. Product Recall Preparedness – Key Considerations. Secondly, the direction and support needed to ensure that BCM efforts can be implemented and sustained. Dr Goh and his team are instrumental in the development of the TR19:2005 and subsequently in the publishing of the SS540:2008. (Source: SS540 Singapore Standard on Business Continuity Management - SS 540:2008) 5. Processes and resources would need to be established to ensure the continued operation of these functions due to disruptions. BCM Implementation for Organizations using the Singapore Standard SS54... http://www.gmhasia.com/wp-content/uploads/2014/12/Singapore-Flag.jpg, http://www.gmhasia.com/wp-content/uploads/2014/12/GMH-Logo-Updated-24Aug2010-copy-300x155.png, BCM Implementation for Organizations using the Singapore Standard SS540:2008, © 1999 -2015 Copyright - GMH Continuity Architects. The rationale behind these strategies is to build resilience for the organization against impact of loss. Ownership of BCM becomes embedded in individual business units where BCM risks reside. The Technical Reference or TR19:2005 was launched on September 2005 during the international ISO meeting. Dr Goh Moh Heng is the Managing Director of GMH Continuity Architects and President of Business Continuity Management (BCM) Institute. Save my name, email, and website in this browser for the next time I comment. Identify the critical business functions supporting these interests, Identify potential disruptions to these critical business functions, Minimize the number of potential disruptions, Reduce the impact of disruptions to these critical business functions, Ensure these critical business functions can continue to support, if not sustained on a moderated basis, the identified interests. Business Continuity aims to safeguard the interests of an organization and its key stakeholders by protecting its critical business functions against predetermined disruptions. They come from companies in industries ranging … The BCM (Body Control Module) is the electronic control unit that monitors and controls all of the systems in the car body. In addition, policies provide the rationale for establishing the necessary infrastructure to support BCM on an ongoing basis. BCM is an ongoing management process and can be examined from 2 standpoints. Beginning with a handful of teachers and students in the new township of Petaling Jaya in 1960, we have seen the wonderful hand of the LORD’s mercy, grace and faithfulness as we grew steadily as a Bible college preparing men and women for ministry. [10] Goh, Moh Heng (2007): Managing & Sustaining Your Business Continuity Management Programme, 190 pages. Categories: BC Management System, BCM Audit, BCM Institute, BCM Planning Process, Business Continuity Fundamentals, Business Continuity Management, Business Impact Analysis, Crisis Management, Disaster Recovery, Plan Development, Project Management, Recovery Strategy, Risk Analysis and Review, Testing and Exercising | Initially, I felt sad at the unwarranted claims that they wrote the standard but was pleased that the previous Executive Director of Singapore Business Federations (SBF), a previous head of Department for the Economic Development Board (EDB) and also the chairperson for the National BCM Committee were willing to vouch for me that my team and I wrote the standard. The Company principal activity is in … In particular, for the BCM areas of Risk Analysis and Review and Business Impact Analysis, individual organizations may choose to alter the sequence. With the support of a thirty million dollar grant from the government for the implementation of BCM within their organization, the initiative to implement BCM is now given a tremendous boost by the government. Glassfibre Reinforced Concrete (GRC) has been extensively used as permanent formwork for more than 30 years, and BCM GRC Ltd offer corrugated or flat options to suit all supporting beam design. Welcome to Bible College of Malaysia . For example, the risk of disruption of raw material supply and its impact on production needs to be addressed as part of BCM. Often, I have to explain that it is important to understand what basis and background was the standard written and when/how is the standard used. BCM is listed in the World's largest and most authoritative dictionary database of abbreviations and acronyms BCM is listed in the World's largest and most authoritative dictionary database of abbreviations and acronyms Established in 2005, BCM Institute promotes and develops the BCM and Resilience disciplines of ISO22301 BCM Audit, Business Continuity Management (BCM), Crisis Management (CM), Crisis Communication (CC) and Disaster Recovery Planning (DRP) for a variety of … In terms of the BCM framework above, the policies and procedures established in each of the 7 broad areas serve as rules and procedures to direct and control decision making for an organization’s BC efforts. It contains the BCM areas and the major BCM components. They include formal change control and documentation processes. It examines if the resources committed are accessible, available and adequate for undertaking the recovery efficiently and effectively. 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