What is ISO 22301 Certification ?
ISO 22301, is the recognized international ISO standard for Business Continuity Management Systems. ISO 22301 Certification published by the International Organisation for Standardization (ISO). ISO 22301 Certification business continuity management is the first ISO standard to incorporate Annex-L, which give a common framework for all new management system specifications issued by ISO.
Relationship with ISO 22301:2012 Certification
The latest revision of ISO 22301 Certification was published in October 2019. ISO 22301:2019 Certification is replacement of ISO 22301:2012 Certification , which was developed based on the British standard BS 25999-2. This 2019 revision does not bring big changes, but it definitely brings more flexibility and less prescriptiveness, adding more value to organizations and their customers/clients.
What are the Advantage of ISO 22301 Certification – the business continuity standard?
There are 4-essential business advantage that a organization can obtain with the implementation of this business continuity standard:
Comply with legal Requirements : - There are more & more Nations defining laws & regulations requiring business continuity compliance. And beyond government interests, private-businesses (e.g., financial institutions) are also requiring their business partner and suppliers to implement business continuity solutions. And the good news is that ISO 22301 Certification gives a perfect framework and methodology to help compliance with these requirements – by reducing administrative and operational effort, as well as the number of penalties to be paid.
Obtaining Marketing Benefits: - If your organization is ISO 22301 certified and your business competitors are not , you will have an benefits over them when it comes to customers who are sensitive about keeping the continuity of their operations, and the delivery of their services and product. Additionally, such certification can boost your organization image and support you get new customers, by making it easier to demonstrate that you are among the best in the industry, leading to increased market share and higher profits.
Prevent large-scale damage : - In a world of real-time services and transactions, every minute of down service costs-money – a lot of money. And, even if your business is not so sensitive to small-periods of unavailability, disruptive incidents will cost you. By implementing business continuity practices compliant with ISO 22301 Certification, you will have a sort of insurance policy. Whether by preventing disruptive incidents from happening, or by becoming capable of faster recovery – your company will save money. And, the best thing of all is that your investment in ISO 22301 Certification is far smaller than the cost savings you’ll obtain.
Minimized dependence on individuals : - More often than not, a organization critical activities rely on just a few people who are hard to replace – a situation painfully demonstrated when these people leave the organization. Executives who are aware of this can make use of business continuity practices to become far less-dependent on those individuals (either because of implemented-replacement-solutions or by documenting related tasks), meaning you can prevent a lot of headache when someone leaves the organization.
Basic terms used in the standard:
Business Continuity Management System (BCMS) – part of an overall management system that makes sure business continuity is planned, maintained, implemented, & continually enhance.
Recovery Point Objective (RPO) – Higher data loss, i.e., minimum amount of data used by an activity that needs to be restored.
Maximum Acceptable Outage (MAO) – the maximum amount of time an activity can be disrupted without incurring unacceptable damage (also Maximum Tolerable Period of Disruption – MTPD).
Recovery Time Objective (RTO) – the pre-determined time at which a product, service, or activity must be resumed, or resources must be recovered.
Minimum Business Continuity Objective (MBCO) – the minimum level of services or products an organization needs to produce to achieve its defined objectives after resuming its business operations.
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