The new Optial BCM module is flexible and comprehensively supports the best practice framework for BCM (as defined by the Business Continuity Institute’s Good Practice Guidelines).
Optial provides business continuity managers with a robust and auditable framework to:
- Record the business activities and management owners across the organisation
- Identify and track impacts which may result in damage to the organisation’s reputation, assets or financial position
- Quantify the timescale within which the interruption of each business activity becomes unacceptable to the organisation
- Assign risk assessments, Business continuity, resumption and incident management plans (executive plans) and specific tactics to resume the activities
- The system provides a workflow based approval process for each component
- Facility to link Business Impact Analyses (BIAs), risk assessments, products/services, activities, tactics, policies and plans to provide full transparency
- Produce management reports at a business level and aggregated at group level.
Overall, Optial provides a single facility for managing business continuity activities - storing and managing critical BCM data, such as outage times, recovery times, risk assessments, policies and plans. Results can be analysed and reported on using Optial’s powerful OBI reporting tool so that management are fully aware of the organisation’s ability to recover from business critical impacts.
Chris O’Brien, CEO of Optial, said “Being able to easily and effectively add a new module into the Optial platform for Business Continuity Management demonstrates the power of the configurability and flexibility of the Optial platform. We are increasingly finding that organisations need to cover more governance and assurance activities from a single platform. The new BCM module just one more area of innovation which is part of an expanding range of enhancements designed to deliver best in class Risk Management to our clients”.