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As you may already be aware, Business Continuity Management (BCM) is an emerging field in the corporate world today. Companies recognise the increasingly fragile nature of most businesses, where a single external disruption to the critical business process may well cripple the entire company, if said company is ill-prepared to handle such disruptive event. In fact, most companies are unprepared to face serious threats posed by natural disasters such as landslide, fire, flood, earthquake or even man-made disasters such as political instability, technological and infrastructure weaknesses, and even terrorist attacks.
Naturally, disruptions of any sort could have incredibly damaging repercussions to the company, not only in terms of tangible financial losses, but also intangible hits to the company’s reputation and the clients’ confidence in the company. It is therefore a critical business imperative that a working plan be put in place to ensure that in the event of an unplanned disruption, operations are restored as quickly and effectively as possible.
As a result the Malaysian Government is putting effort to promote the professional practice of BCM. For example, Bank Negara and SIRIM have spearheaded the initiative by the issuance of the BCM Guideline and BCM Framework respectively with the objective of promoting sound business practices to their member institutions and corporate organisations in the nation. In addition, our BCM courses are HRDF claimable on certain percentage as a result of the Government’s effort and encouragement in educating and training more Malaysian individual and corporate organizations in BC Planning and Management.