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The Chartered Institute of Management Accountants (CGMA) has developed new business continuity guidance to provide finance professionals with a foundation on which to develop their approach to BCM.

‘Business Continuity Management: Key Strategies and Processes’ presents a step-by-step framework for developing and maintaining business continuity processes and helps to establish and define the necessary roles within a company in order to do so. In addition, the tool’s aim is to define BCM as a key corporate competency and to identify the necessary components.

Gillian Lees, Director of Governance and Risk Research at CIMA, says: “Our new tool fulfils an important and necessary business need. It will support organizations developing a vital corporate competency which will help them to return to the status quo as quickly as possible. Companies should not wait until the worst-case scenario happens before starting to think about their business continuity management processes.”

Download the document (PDF).

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Business continuity can be defined as 'the processes, procedures, decisions and activities to ensure that an organization can continue to function through an operational interruption'. Read more about the basics of business continuity here.

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