AS/NZS 5050:2010


Business continuity — Managing disruption-related risk

Describes the application of the principles, framework and process for risk management, as specified in AS/NZS ISO 31000:2009, to disruption-related risk.
Published: 28/06/2010
Pages: 40
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Table of contents
Cited references
Content history
Table of contents
About this publication
1 Scope and general
1.1 Scope
1.2 Referenced documents
1.3 Definitions
2 Principles
3 Framework
3.1 General
3.2 Mandate and commitment
3.3 Design
3.3.1 The organization and its context
3.3.2 Establishing the policy
3.3.3 Accountability
3.3.4 Integration
3.3.5 Resources
3.3.6 Communication and reporting
3.4 Implementation
3.5 Monitoring and review of the framework
3.6 Continual improvement of the framework
4 The process
4.1 General
4.2 Establishing the context
4.2.1 General
4.2.2 Objectives
4.2.3 Establishing the external context
4.2.4 Establishing the internal context
4.2.5 Defining risk criteria
4.2.6 Establishing the purpose, scope and structure of the particular risk management activity
4.3 Risk assessment
4.3.1 Overview
4.3.2 Risk identification
4.3.3 Risk analysis General Initial risk analysis Business Impact Analysis (BIA) Consolidating the risk analysis
4.3.4 Risk evaluation
4.4 Risk treatment
4.4.1 General Risk treatment options Treating disruption-related risk Selecting treatments
4.4.2 Proactive risk treatment
4.4.3 Contingency plans and contingent capability General General requirements for contingency plans Purpose Responsiveness Contents Stabilization Continuing critical functions Recovery
4.4.4 Maintain the plans
4.4.5 Exercise the plans
4.5 Communication and consultation
4.6 Monitoring and review
4.7 Recording and documentation
4.7.1 General
4.7.2 Recording the risk management process
4.7.3 Contingency plan documentation
5 Verification
Appendix A
A1 General
A2 Outcome attributes
A3 Process attributes
A3.1 Continual improvement
A3.2 Full accountability for disruption-related risks
A3.3 All related decision-making involves consideration of disruption-related risk
A3.4 Continual communications
A3.5 Full intefreation into the organization’s governance structure
Cited references in this standard
Risk management — Vocabulary
Guidelines for the justification and development of management system standards
Risk management — Principles and guidelines
Quality management systems — Fundamentals and vocabulary
Content history
DR 09013