Business Continuity and Risk Management

in businesscontinuity •  6 years ago 

What is the relationship between Business Continuity and Risk Management?
The relationship between Business Continuity and Risk Management depends on the organization. In most cases, Business Continuity is a sub-domain of Risk Management.

If there is an existing Enterprise Risk Management framework in the organization, can you use that in your Business Continuity Planning? Or, should you create a new Risk Register and new Risk Assessments for each department inside the Business Continuity Plan?

You should refer to your organizational Risk Register as a starting point. However, some Business Continuity Plans may contain lower level risks that are important to the department but not significant to the organization as a whole
Risk Management is focused on the mitigation of issues and Business Continuity is more concerned about a worst case scenario action plan.

https://www.bcpbuilder.com/2018/11/21/business-continuity-risk-management/

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