INTEGRATED BCM (BUSINESS CONTINUITY MANAGEMENT) AND RISK MANAGEMENT EXPLAINED
Article: INTEGRATED BCM (BUSINESS CONTINUITY MANAGEMENT) AND RISK MANAGEMENT EXPLAINED Presented by Steve Simmonds, Director, SynergyGRC and Jonathan Crisp, Director, BarnOwl
https://www.barnowl.co.za/
Thank you very much Steve for presenting at our info-sharing event on the 30th July 2020. Thank you also to all those who attended.
Introduction
Whilst, BCM is a sub-set of the greater enterprise risk management discipline, the link between BCM and Risk Management is often not very well understood. This presentation focusses on BCM and how risk management integrates with BCM, provides objective value, and the ability to recover from setbacks, adapt well to change and keep going in the face of adversity.
In a nutshell, risk management together with BCM enables an organisation to optimise the level of risk being taken to best achieve the organisation’s objectives whilst still operating within the risk appetite of the organisation. Risk management is about preserving and enhancing value creation whilst minimizing the risks that lead to value erosion.
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