Continuity Insights

Articles

Business Continuity vs. Operational Risk Management vs. Business Resiliency
Sun, 04/11/2010 - 8:00pm
Karen Dye Oakley

Industry trends indicate business continuity planning is moving in the direction of ensuring business resiliency. The connection to operational risk management however is not always present within organizations. Risks need to be tied to an organization's mission and strategy. Risk profiles can be defined at both the enterprise and the functional level. The key to efficiency and effectiveness is a functionally-integrated solution, with all key stakeholders at the table. This workshop will present an overview of risk classifications, risk mitigation, as well as a practical process of connecting these risks to crisis management, business continuity, and business resiliency. Participants will be provided with tools to identify the current state of risk treatment and control mechanisms within their organizations. Potential actions for improvement will be discussed in a workshop format.

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