Strategic Thought Group (STG) has introduced business continuity capabilities into its Active Risk Manager software. Active Risk Manager Business Continuity Management (ARM BCM) addresses the need for assured business continuity and recovery in the event of major incidents.

ARM BCM facilitates the identification of business continuity threats, the assessment of the potential impact on the organisation and provides control and monitoring software for the development and maintenance of the plans necessary to protect the business, should such events occur. It also provides detailed evaluations of these plans to ensure their continued effectiveness. This enables senior management to be aware and alert to the enterprise-wide status of these plans at any point in time.

Mark Brown, strategy director at Strategic Thought Group commented, “ARM integrates business continuity into the wider enterprise risk management (ERM) framework, bringing together related disciplines that have, up until now, been kept separate. ARM Business Continuity Management will increase confidence and transparency at all levels from the board down.”

ARM BCM presents management teams and governance boards with a single real-time dashboard of the status of all business continuity plans across the organisation. This presents how the continuity and recovery plans link to the most important business continuity threats and key business processes thereby aiding the assessment of what the impact to the business could be if a disaster event occurred.

Brown added, “Business continuity is a critical part of corporate governance however most organsations never ask the basic questions about the enterprise-wide status of their business continuity plans and the links to the related corporate risks, controls and policy framework especially within the supply chain and with business partners. With ARM, business continuity threats are presented within an economic framework highlighting the financial options to decision makers. Senior management can apply direct investments to the most appropriate areas based on the latest company-wide information.”

ARM ensures that the case for each business continuity plan is evaluated in a risk-reward context against other investment business cases and prioritised accordingly.

ARM BCM has been designed to support a range of international business continuity standards including the UK BS 25999, the US NFPA 1600, the Australian HB 221, the Singapore SS 540 and the international ISO 27001 standard.

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