At this week’s Midsize Enterprise Summit, not one hand went up when I asked the audience if they knew what PS-Prep was. That was the main reason I wanted this session at the conference – organization certification for business continuity management is coming and few organizations – large, midsize and small in fact – know what it is all about. It’s biggest business value is in supply chain risk management – organizations wanting to ensure that their supply chain partners – business as well as IT product/service providers – are able to recover from a disaster so that the delivery of goods in not impeded. However, there is a cost associated with it.
At today’s general session, DHS, Cisco, Radian Compliance and I spoke about what PS-Prep and BCM organization certification are and what they aren’t, the value of it, how in the long-term it will likely be a mandatory requirement to do business – through market pressure rather than the voluntary program put forth through US Public Service law 110-53, and what organizations should be doing now to prepare for the time when your larger customers and partners will start assessing your ability to recover.
What is your organization doing to prepare for it? Have you already been approached by your customers and partners to show some level of maturity around business continuity management before they sign a contract with you, or when renewing a contract?
Information on the PS-Prep Program can be found at the FEMA web site.
Category: BCM and IT DRM Research Coverage Tags: Availability Risk, Backup and Recovery, BCM, BCP, BIA, Business Continuity Management, Business Continuity Planning, Business Impact Analysis, Business Resiliency, Contingency Planning, Continuity of Operations, COOP, Crisis Management, Data Protection, Disaster Recovery, Emergency Notification, Emergency Preparedness, Incident Management, IT Disaster Recovery, Mass Notification, Operational Risk Management, Pandemic Planning, Recovery Planning, Recovery Plans, Resiliency, Risk Assessment, Workforce Continuity