ASIS International (ASIS) and BSI British Standards will jointly develop an American Business Continuity Management (BCM) standard. The new standard, based on BSI’s recently published BS 25999 standard (Part 1 – Code of Practice; Part 2 – Specification), will provide a unified approach to BCM on both sides of the Atlantic, effectively eliminating marketplace confusion.
The new American Standard, like its British counterpart, will facilitate the development and implementation of a robust business continuity management plan that can be independently audited. A well-designed plan can greatly reduce business disruptions and soften their impact on a company’s profits and share price. Insurers and investors alike recognize this fact and are increasingly demanding that BCMs be established and verifiable.
With the planned reciprocation between the two standards, US companies can begin building their plans immediately by using the already mature BS25999 framework. The new American standard will allow domestic as well as international certification.
Backed by one of the world’s leading certification bodies and business solution providers, BSI, companies building their BCM plan on the BS25999 foundation will more rapidly achieve accreditation and have in place elements to facilitate certification to other internationally recognized standards as well. For US companies, partnering with BSI to achieve standards-based registration opens up new markets across the globe.
ASIS will establish a technical committee drawing on a deep pool of BCM expertise. The original UK committee members responsible for developing BS 25999, including the Chair and Vice-Chair from the US and UK respectively, will be involved in developing this standard along with experienced business continuity managers, service providers and other interested parties. This bi-national arrangement will produce a standard relevant for both domestic and international business and trade.
Mark Geraci, Chairman of the ASIS Commission on Standards and Guidelines, said, “This business continuity standard will assist organizations put in place a comprehensive plan for preparedness in line with the recommendations of Title IX. It is envisaged that, once published, the standard will improve the effectiveness of business continuity management in both the UK and the US.”
Mike Low, Director of BSI British Standards, said, “BS 25999 Parts 1 and 2 have rapidly achieved global recognition and adoption and I am pleased that we can contribute some of our experiences to the production of this American National Standard.”
ASIS and BSI are seeking input from business continuity professionals to develop membership on the technical committee that will draft and critique the new standard.