Business Continuity Management

REPORT PREVIOUSLY PUBLISHED BY OLIVER WYMAN
April 14, 2017
Regulation
Global, EMEA, Latin America, North America

Abstract

The key objective to Business Continuity Management (BCM) is to ensure continuation of critical functions in the event of a crisis, such that institutions can dynamically adapt to the evolving risks.

This perspective discusses shortcomings in the traditional BCM methods, urging institutions to comprehensively reassess their business plans in light of more frequent and severe crises. Placing the focus on building robust, globally focused plans, institutions will be more prepared to mitigate common crisis repercussions and survive the unpredictable continuity events.

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

Introduction

3

Traditional Perspectives

3

Shortcomings in Traditional BCM Methods

4

Questions to Consider

6

Conclusion

7

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