IIA-Australia Factsheet - Business Continuity

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Author	IIA-Australia
Date	2023
Topics Explored	Risk Management
Format	Factsheet
Extract/Description	All organisations are reliant on business processes operating effectively and continuously. Without this, products and services cannot be delivered and business sustainability is lost. Business disruption can often occur when information technology (ICT) or operational technology (OT) is degraded or unavailable. Many organisations that experience a significant business disruption never recover. Business continuity planning seeks to prevent interruption to critical services and re-establish operations as quickly and smoothly as possible. Ideally business continuity will form part of organisation resilience.
Key Points	Three elements are common to a crisis – Threat to the organisation / Element of surprise / Short decision time. Consequently, a range of processes and activities are necessary to properly prepare for an unexpected crisis. Business continuity is an important risk management activity for every organisation but it needs commitment and resources to be successful.
Relevant Industries	All
Level of Assumed Knowledge	Intermediate