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ISO 22301:2019 · Business Continuity Management System · Singapore

Business continuity —
certified, resilient, and grant-funded

ISO 22301 BCMS certification. BIA, gap analysis, implementation & training. EDG/MASA grant up to 50%. MAS TRM aligned. ICFC since 2014.

4–6
Months typical BCMS timeline
50%
EDG grant co-fund
98%
First-attempt rate
25+
Industries served
11+
Years expertise
MAS
TRM & BCM aligned
📋 2024 Climate Action Amendment to ISO 22301:2019. An amendment was adopted in 2024 integrating climate change considerations. ICFC's BCMS implementation includes this amendment as standard — ensuring your BIA and risk assessment address climate-related disruption scenarios.
BCMS services

Audit · Consultation · Training

BIA · ISO 22301 · MAS TRM · EDG grant managed

🔍

BCMS Audit

Gap analysis · Stage 1/Stage 2 · Pre-cert mock audit · Surveillance · Internal audit co-sourcing.

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📋

BCMS Consultation

Full implementation · BIA facilitation · MAS TRM aligned · IMS integration · Crisis management · Post-cert retainer.

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🎓

BCMS Training

Lead auditor (CQI/IRCA) · Internal auditor · Implementation practitioner · Staff awareness · Tabletop exercises.

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The BCMS framework — six core components ICFC implements

📊 BIA

Business Impact Analysis

Identify critical processes, quantify disruption impact, set RTO and RPO for every key activity.

⚠️ RA

Risk Assessment

Identify threats and vulnerabilities — cyber, climate, supply chain, pandemic.

🎯 BC Strat

Continuity Strategies

Design strategies for people, technology, facilities, data, supply chain covering all disruption scenarios.

📄 BCP

Business Continuity Plans

Documented, tested response and recovery procedures — crisis comms, escalation paths, recovery actions.

🏋️ Exercise

Testing & Exercises

Desktop exercises, simulations, and live drills — validating plans work before incidents occur.

🔄 PDCA

Continual Improvement

Internal audit, management review, and ongoing BCMS refinement as threats evolve.

Singapore's BCMS regulatory landscape

Regulator / FrameworkRequirementSectorsISO 22301 alignment
MAS TRM GuidelinesRobust BCM capabilities; scenario testingBanks, insurers, FinTech✓ Direct alignment
MAS Notice 655 / BCM GuidelinesDocumented BCP, RTO/RPO, annual testingAll MAS-regulated FIs✓ Direct alignment
CSA Cybersecurity ActCII operators must have BCPs for critical systemsEnergy, water, transport, banking, telco, healthcare, govt✓ Strong alignment
MOH guidelinesBC for essential healthcare servicesHospitals, clinics, pharma✓ Strong alignment
BCA requirementsBusiness continuity for major projectsCritical infrastructure contractors✓ Framework aligned
Govt tender criteriaISO 22301 increasingly required or scoredAll government suppliers✓ Certification required

50% EDG / MASA grant co-funding — up to 50% of BCMS consultation costs

Enterprise Singapore's EDG covers up to 50% of qualifying ISO 22301 consultation fees for eligible SMEs. ICFC manages your application before project commencement. Integrated IMS engagements (ISO 22301 + ISO 27001) can stack grant funding across both standards.

Check grant eligibility →
grant

ICFC's BCMS audit process — from first call to certificate

01

Free briefing

02

Gap analysis

03

Grant application

04

Pre-cert audit

05

CB coordination

06

Certificate

Chief Risk Officer

Digital bank, Singapore

★★★★★

“ICFC's BIA facilitation identified three single-point dependencies we hadn't recognised — including a critical vendor with no sub-contractor. Certification achieved on first attempt with MAS TRM fully addressed.”

IT Director

Data centre operator

★★★★★

“Achieved ISO 22301 and ISO 27001 dual certification under ICFC's integrated IMS approach — saved over S$30,000 compared to separate engagements. EDG grant covered 50% of total cost.”

FAQs — ISO 22301 BCMS

The typical ISO 22301 certification timeline is 4–6 months from gap analysis to certificate. Organisations with existing ISO 9001 or ISO 27001 certification typically achieve faster timelines through integrated IMS approach as management system infrastructure is already in place.

Consultancy fees typically S$5,000–S$20,000 depending on scope. Certification audit fees S$3,000–S$8,000. EDG/MASA grant covers up to 50% of consultancy fees for eligible SMEs — net cost S$2,500–S$10,000. Integrated IMS reduces costs by 20–30%.

MAS does not mandate ISO 22301 by name — but MAS Notice 655, TRM Guidelines, and BCM Guidelines require documented BCM practices aligned with ISO 22301. Certification is widely adopted as most efficient way to demonstrate MAS BCM compliance.

Yes — ICFC strongly recommends integrated IMS. All three standards share Annex SL structure. Reuses existing policy infrastructure, risk assessment, internal audit programme — reducing total cost by 20–30% with a single EDG grant application.

Start your BCMS certification journey today

Free 30-minute assessment. Honest gap analysis of your BCP maturity against ISO 22301:2019. EDG grant eligibility check. MAS TRM alignment review. No obligation.