Tags: BCMS, BCP, Business Continuity, Disaster Recovery | inter-agency task force was formed to formulate implementation strategies to enhance our corporate resilience through adopting the processes of Business Continuity Management.”. Initially, I felt sad at the unwarranted claims that they wrote the standard but was pleased that the previous Executive Director of Singapore Business Federations (SBF), a previous head of Department for the Economic Development Board (EDB) and also the chairperson for the National BCM Committee were willing to vouch for me that my team and I wrote the standard. For example, the impact of a risk occurrence on production equipment and facilities need to be addressed as part of BCM. For example, organizational policies direct BCM processes to support BCM on an ongoing basis. Programme. Banque Centrale de Madagascar, a financial institution in Madagascar. Business Continuity aims to safeguard the interests of an organization and its key stakeholders by protecting its critical business functions against predetermined disruptions. BCM Institute specialises in ISO 22301 business continuity training as well crisis management, crisis communication and IT DR. Examples of risks due to external operating environment include terrorist attacks, floods, political turmoil and disruption of supply chain. BCM Implementation for Organizations using the Singapore Standard SS54... http://www.gmhasia.com/wp-content/uploads/2014/12/Singapore-Flag.jpg, http://www.gmhasia.com/wp-content/uploads/2014/12/GMH-Logo-Updated-24Aug2010-copy-300x155.png, BCM Implementation for Organizations using the Singapore Standard SS540:2008, © 1999 -2015 Copyright - GMH Continuity Architects. From the selected strategies a detail business continuity plan (BC Plan) should be instituted in place to respond to risks which can occur and impact its business operation and service. It is also inline with other standards such as the of SS 540: 2008; BS 25999; NFPA 1600, ANZ5050 and HB292. Bcm - business continuity management - download this royalty free Vector in seconds. Prof S Jayakumar, Financial BCM acronym meaning defined here. For example, by specifying the BC roles and responsibilities of staff in the BC Plan the organization is better adapt to respond to occurrence of risks. SS54:2008 is a Singapore Standard for Business Continuity Management (BCM) that is being embraced by both the international and local businesses operating within Singapore. This is reflected in the two areas of the BCM framework, namely Risk Analysis and Review and Business Impact Analysis. The key is to use the BCM Planning Methodology as a common approach within your organization. The morale of the story in that professional should attempt to find out more and to understand the underlying principles behind each standard before they make such comments as it is a clear reflection of a need to know more about the the BCM domain. It communicates with all the other modules via the cars vehicle bus. Bus Contracting Model (BCM) is a bus industry contracting model introduced by the Land Transport Authority (LTA), Singapore. Categories: BC Management System, BCM Audit, BCM Institute, BCM Planning Process, Business Continuity Fundamentals, Business Continuity Management, Business Impact Analysis, Crisis Management, Disaster Recovery, Plan Development, Project Management, Recovery Strategy, Risk Analysis and Review, Testing and Exercising | In addition, the BCM distinguishes muscle mass from pathological fluid overload thereby allowing the detection of malnutrition in patients with kidney failure. Singapore Standard for Business Continuity Management, http://www.ss540.org Beginning with a handful of teachers and students in the new township of Petaling Jaya in 1960, we have seen the wonderful hand of the LORD’s mercy, grace and faithfulness as we grew steadily as a Bible college preparing men and women for ministry. (Source: SS540 Singapore Standard on Business Continuity Management - SS 540:2008) 5. The standard adopted a process approach, the “Plan-Do-Check-Act” (PDCA) methodology. MAS and SNDGG launched the Singapore Financial Data Exchange (SGFinDex), which will enable Singaporeans to consolidate their financial information for more effective financial planning. If you’re not sure where to start when it comes to BCM, this series was written for you. From the above definition of BCM, BC seeks to ensure the following concerns are managed on a perennial basis. Figure 3 presents each of the 6 BCM areas in a chronological sequence, from top to bottom, it should not be misconstrued that implementation of BCM should rigidly adhere to the same chronological sequence. Ownership of BCM becomes embedded in individual business units where BCM risks reside. Welcome to Bible College of Malaysia . [13] SPRING Singapore, (2005) Technical Reference for Business Continuity Management for Manufacturing. This is the first continuation of the previous Blog “BCM Concept: BCM Planning Methodology.” The objective is to share how an organization can use a common planning methodology to implement its BC planning project or BCM programme and yet, be able to meet the respective international standards such as the Singapore Standard SS540:2008. Identify the critical business functions supporting these interests, Identify potential disruptions to these critical business functions, Minimize the number of potential disruptions, Reduce the impact of disruptions to these critical business functions, Ensure these critical business functions can continue to support, if not sustained on a moderated basis, the identified interests. Corporate governance is the system by which business corporations are directed and controlled. While the management of risk encompasses the whole spectrum ranging from risk identification, assessment, treatment, monitor and review, BCM focuses only on those risks that affect its BC interests and associated critical business functions supporting these interests. [10] Goh, Moh Heng (2007): Managing & Sustaining Your Business Continuity Management Programme, 190 pages. The project was initiated by Economic Development Board (EDB) with the collaboration of Singapore Business Federation (SBF) and SPRING in 2004. What does BCM stand for in Financial? The project to establish the BC Plan for the organization needs the approval from Executive Management at the onset and ongoing support thereafter till completion. bcm bcm is a highly secure communication platform. Electric windows,A/C functions, electric mirrors,electric locks,security systems, etc. Meaning; BCM: Body Control Module: BCM: Business Communications Manager (Nortel) BCM: Business Continuity Management If an organization is certifying itself to the BCMS SS540:2008, they should be in the “Programme Management” phase as the BCP project should be long over. The BC Plan would specify and allocate the resources and thereby building up the capability of the organization to respond to risk occurrences. Looking for online definition of BCM or what BCM stands for? The potential impacts of risks actually occurring to an organization and affecting its ability to achieve its business operation and service can be obtained by conducting a business impact analysis. The BCM framework matrix provides a coverage which makes the SS540:2008 a comprehensive BCM standard. He has been responsible for the successful execution of … Deputy Prime Minister and Coordinating Minister for National Security. The Company current operating status is live with registered address at NORTH POINT BIZHUB. Richard Long. They come from companies in industries ranging … [1] BCMpedia (2008). The reason will be explained later as the standard assumed that the BC plan is written and hence the project management phase is completed. BCM is often related to Corporate Governance and Risk Management. Richard Long is one of MHA’s practice team leaders for Technology and Disaster Recovery related engagements. Business functions supporting value creating activities would have to be identified. BCM may refer to: Band Corporal Major, a warrant officer appointment in the bands of the British Household Cavalry. For example, a BCM steering committee comprising representatives from various business units and headed by a member of Executive Management should be established to oversee BCM efforts in the organization. With over 8,000 members in more than 100 countries, our network of business continuity and resilience professionals help to keep the world’s organizations on track, no matter what happens. Examples include positive company’s image and shareholder value with the organization being able to withstand and continue its business activities despite environment disruption such as typhoons would help to highlight the importance of provision for BC and gain Executive Management support. [9] Goh, Moh Heng (2006): Testing & Exercising Your Business Continuity Plan, 2nd Edition, 160 pages. The standard was guided by the Business Continuity Management (BCM) Council and supported by the BCM Technical Committee to develop the Technical Reference. An overview of the each BCM area cross referencing to its major component is elaborated in detail. If you are a webmaster of non-commercial website, please feel free to publish the image of BCM … For example, the health risk associated with handling of hazardous materials needs to be addressed as part of BCM. You can benefit from all of binary options gambling licence Singapore the following:. Dr Goh is also the Managing Director of an Asia Pacific BCM consultancy firm. They include formal change control and documentation processes. For example, changes to keep the BC Plan current should be controlled and documented in a formal manner. The rationale behind these strategies is to build resilience for the organization against impact of loss. BCM Institute’s courses are compliant with the international BCM Standards of ISO22301. What does BCM stand for in Sergeant? Singapore Exchange Limited (SGX, SGX: S68) is an investment holding company located in Singapore and provides different services related to securities and derivatives trading and others. The reader may notice that this phase is not part of the standard. The BCM (Body Control Module) is the electronic control unit that monitors and controls all of the systems in the car body. Event to Return in 2021, 8-12 November. Definition of Business Continuity and Disaster Recovery Terminologies, http://www.bcmpedia.org Participation and the skill sets of participants in various BCM activities are crucial to the success of BCM in an organization. What alternate methods of operations for the delivery of its products and services least inconvenienced its customers? Each message is strictly encrypted, and no third party can decipher the content. Top BCM acronym definition related to defence: Banco Comercial de Moçambique Organizations have to face their external stakeholders it has to answer to include the authorities, shareholders and the public at large. For example, a policy requiring all business units to appoint and assign BCM responsibility to a specific staff to participate in the organization BCM. Business Continuity Management Institute (BCM Institute) Glossary in Wiki (Version 1.0) or BCMpedia provides Business Continuity (BC), Crisis Management (CM), Crisis Communication (CC), BCM Audit and Disaster Recovery (DR), Professional with definitions that help to reduce confusion, thus promoting a common understanding and interpretation when implementing the BCM planning process. He hold a PhD and also been awarded the highest level of certification from the three major business continuity management institutes. READ MORE . Overall Tests and exercises validate if the BC Plan indeed meet its recovery objectives. BCM Institute offers both certification, non-certification and competency based courses which are compliant with the latest global BCM standard, the ISO 22301:2012 Societal security — Business continuity management systems. Based on these potential loss impacts the organization would deliberate and select the appropriate strategy or strategies to safeguards its interests. Business continuity management implementation for small and medium-sized enterprise. One key step to managing this is to understand that most BCM standards are similar except that they tend to be written to look different from each other. For example, the implications of selecting a particular recovery strategy should be linked to the corresponding policies set forth by Executive Management. I remember being summon by a large government agency (one of the strictest due diligence that I have encountered by a government body) regarding the fact that there are three other consultants in Singapore (and the organizations that they represent) that one can blatantly claim that they developed the SS540 (previously known as Technical Reference TR19). Figure 2: Main BCM Area of SS540:2008 being mapped against the BCM Planning Methodology. These processes are set of activities with defined outcomes, deliverables and evaluation criteria to attain BCM policies on an ongoing basis. For example, the risk of disruption of raw material supply and its impact on production needs to be addressed as part of BCM. These strategies can be preventive or pre-emptive in nature. BCM SERVICES PTE LTD was incorporated on 13 November 1997 (Thursday) as a Exempt Private Company Limited by Shares in Singapore. 5/12 documents are not available, inconsistent operation and critical omission are probable in case. BCM Institute has trained more than 5000 professionals and certified over 2,000 professionals from 40 countries. BCM theory, BCM synaptic modification, or the BCM rule, named for Elie Bienenstock, Leon Cooper, and Paul Munro, is a physical theory of learning in the visual cortex developed in 1981. [6] Goh, Moh Heng (2008): Analyzing & Reviewing the Risk for Business Continuity Planning, 162 pages. A holistic management process that identifies potential impacts which threaten an organization and provides a framework for building resilience and the capability for an effective response that safeguards the interests of its key stakeholders, reputation, brand and value creating activities. [8] Goh, Moh Heng (2004): Implementing Your Business Continuity Plan, 104 pages. Risks are inherently present in decisions and activities in organizations. BCM’s rising importance and IT-based history have caused internal debates about who owns the BCM function and how BCM relates to a company’s existing risk management efforts. Permalink. Product Recall Preparedness – Key Considerations. Sergeant BCM abbreviation meaning defined here. SGX is a member of the World Federation of Exchanges and the Asian and Oceanian Stock Exchanges Federation. SS540:2008 is a Singapore Standard for Business Continuity Management (BCM) that is being embraced by both the international and local businesses operating within Singapore. The first diagram above is the BCM Planning Methodology used as part of the BCM Institute’s training curriculum. For example, the risk impacts upon people and physical infrastructure. As a BCM implementor, you should have and adopt a common approach towards BCM implementation. ysong@bcm.edu Positions Professor Pharmacology and Chemical Biology Baylor College of Medicine Houston, TX US Faculty Senator Baylor College of Medicine Houston, Texas United States Member Dan L Duncan Comprehensive Cancer Center Baylor College of Medicine Houston, Texas United States Education Post-Doctoral Fellowship at University Of Illinois, Urbana-Champaign 01/2003 - Urbana, … You can down the image file in PNG format for offline use or send it to your friends by email. Identify the interests of the organization and its key stakeholders. Proudly powered by WordPress | Theme: Yoko by Elmastudio, Business Continuity Planning (BCP) Community, Fundamental BCM Courses in Singapore Standard SS540, A Manager’s Guide to SS540 Singapore Standard for BCM, ISBN 978-981-05-4299-3. An Dr Goh Moh Heng is the Managing Director of GMH Continuity Architects and President of Business Continuity Management (BCM) Institute. For example, outsourcing the risks to third parties or setting up of alternate facilities at another location would be efforts towards preventing and pre-empting potential loss impact. The BCM is an innovative analysis system that enables fast, accurate and non-invasive fluid status monitoring. What is the unique about SS540 is that the “Project Management” phase is not part of the Singapore Standard SS540:2008. With the support of a thirty million dollar grant from the government for the implementation of BCM within their organization, the initiative to implement BCM is now given a tremendous boost by the government. This framework (Figure 2) divides into 6 broad BCM areas: The potential threats and risks to an organization can be uncovered via a risk analysis and review of its internal operations and external operating environment. Figure 4 is the PDCA diagram and Figure 5 is the description for each of the PDCA phases. [7] Goh, Moh Heng (2005): Developing Recovery Strategy for Your Business Continuity Plan, 104 pages. It spells out the rules and procedures for making decisions on corporate affairs. It contains the BCM areas and the major BCM components. There is a strong correlation between this two areas and it should be clear demarked to its relationship. Tests and exercises expose probable errors and omissions in carrying out the established plan. 4 January @ 2:00 pm - 8 February @ 4:00 pm SMT . This invariably requires a good understanding and application of available technology and equipment, and physical facilities to respond to risk occurrences. MAS Announces Further Extension of the US$60 Billion Swap Facility. Is Business Continuity Management one of the keys to Cybersecurity? In addition, policies provide the rationale for establishing the necessary infrastructure to support BCM on an ongoing basis. No membership needed. Risk Assessment or Business Impact Analysis: What Comes First? It is no easy task in general to balance between the demands of these parties. BCM Certification; BCM Institute Code of Ethics; Maintain My Credential ; Resilience Awards; Become a sponsor; Upcoming Courses. It checks if staff in the organization are familiar with recovery procedures. It is important to note that the project management area is not part of the 6 BCM areas. He can be contacted at moh_heng@bcm-institute.org. Business Continuity Management Institute or BCM Institute is a leading global Business Continuity Management (BCM) Institute. BCM activities in each of the 6 BCM areas identified above therefore can be further examined in terms of the following 4 components: Executive Management of the organization needs to stipulate policies to guide BCM efforts to be carried out by staff in the organization. This Singapore Standard and its BCM framework is highly rigorous in its coverage of the BCM areas. If such . A common dilemma faced by BCM professionals assigned to implement its BCM is having to be well-versed with the many internal organizational guidelines/standards, regulatory requirements and international BCM standards before they start any BC planning (BCP) project. The later would include, where possible, quantifying the loss impact from both a number of days of business disruption and a financial standpoint. In 2013, BCM Institute was certified ISO22301 BCMS by DNV and award the National BCM Award by Singapore Business Federation (SBF). Binaries meaning singapore It's small. Permanent Formwork. An established BC Plan should be subject to verification via Tests and exercises. Often, I have to explain that it is important to understand what basis and background was the standard written and when/how is the standard used. This paper starts with a history of the standard implementation, an introduction to the concept of BCM and BC and summing up with the framework within the SS540:2008 standard. He hold a PhD and also been awarded the highest level of certification from the three major business continuity management institutes. The 6 major BCM areas and also the four major BCM components form the BCM framework matrix which makes the SS540:2008 a comprehensive BCM standard. The organization should allocate resources to support critical business functions against risk events. Dr Goh Moh Heng is the President of BCM Institute and is regarded as one of the leading practitioner in the area of business continuity. D&B Hoovers provides sales leads and sales intelligence data on over 120 million companies like BCM Entertainment, Inc. around the world, including contacts, financials, and competitor information. BCM Institute continues to be certified via TUV-SUD for its ISO22301 certification till 2016 onward. Further extension … Business Continuity (BC) is about the ability of an organization to operate its business in a manner that upholds its accountabilities to its customers, itself and its suppliers despite occurrence of events that disrupt its usual business activities in a significant fashion.