Business Continuity with GRC

When Business Continuity management is effectively implemented in a GRC Software, it allows organizations to respond swiftly in crisis situations to protect ongoing operations. Most common business continuity management use cases that is being utilized within a GRC Platforms are listed below: 

  • Business Continuity Management
  • Crisis Management
  • Emergency Response Planning
  • Disaster Recovery Planning
  • Crisis Events Management
  • Third Party Management
  • ISO 22301 Compliance
  • BCM Risk Management

Related GRC Software Features

GRC Platforms have several functionalities to kick-start and manage different business continuity management processes. Some of relevant GRC software functionalities are listed below: 

  • Business Impact Analysis
  • Recovery Strategy and Task Management
  • Recovery Requirements Management
  • Emergency Call Trees
  • Plan Activation
  • Testing and Exercise
  • Crisis Event Response
  • Roles and Responsibility Management

Process Level Benefits

Implementing business continuity management process with a GRC software provides rapid benefits on the maturity of the definition, execution and monitoring of the risk processes. Here are some process level benefits listed below: 

  • Rapid implementation of BC/DR Plans
  • Centralized, consistent and automated approach to BCM
  • Efficiency in sub-processes (BIA, testing, incidents etc.)
  • Alignment with ISO 22301
  • Real-Time monitor and handle crisis events, activate plans

Integrated GRC Benefits

Implementing business continuity management process with a GRC software has extreme benefits on other relevant processes such as Compliance, Audit, Security, Privacy  and Risk Management. Some of these benefits are listed below: 

  • Alignment with BCM risks with other risk frameworks
  • Alignment with general compliance over ISO 22301
  • Third Party management from BCM scope
  • Improved mapping to objectives, hierarchy and assets
  • Automatic maintenance by overall asset management

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