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STATUS OF BUSINESS CONTINUITY & CRISIS MANAGEMENTIN LARGE SCALE FINANCIAL INFORMATION SYSTEMS IN SRI LANKA

Abstract

An effective Business Continuity & Crisis Management (BCCM) framework guarantees information availability and plays an important role in ensuring an organization’s  survivability such as a framework is critical as it will also provide reliable assurance on ensuring continuity of critical business functions in the event of a crisis or a disaster. Despite its importance, the level of awareness regarding BCCM in Sri Lanka is still at its infancy in financial industry (Banking, Leasing, Insurance, and Financial Services). Therefore, this paper will propose steps that can be taken to significantly increase the level of BCCM awareness in Sri Lanka and thus enable organizations for a better preparation themselves to manage crisis or/and disaster situation.

Keywords: Business Continuity and Discontinuity, Crisis, Disaster, Business Readiness.

For full paper: fmscresearch@sjp.ac.lk


Author Biography

H. M. P. S Herath

Department of Industrial Management
University of Kelaniya, Kelaniya,
Sri Lanka

W. M. J. I. Wijayanayake

Department of Industrial Management
University of Kelaniya, Kelaniya,
Sri Lanka