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What is the relationship between BusinessContinuity and Risk Management? The relationship between BusinessContinuity and Risk Management depends on the organization. In most cases, BusinessContinuity is a sub-domain of Risk Management.
In today’s post, we’ll lay out what these domains are, reveal which ones tend to get overlooked, and explain how knowing about the domains can help businesscontinuity professionals reduce their organizations’ risks and bolster their resilience. Risk management is not one-size-fits all.
Related on MHA Consulting: What’s Ahead in the World of Enterprise Risk Management Defining Risk Management Our current environment of rising global uncertainty is leading many organizations to increase the resources they devote to risk management. The best practice is for BC to be tucked inside the risk management department.
In today’s post, we’ll look at what these domains are, reveal which tend to get overlooked, and explain how knowing about the domains can help businesscontinuity (BC) professionals reduce their organizations’ risks, bolster their resilience, and protect their stakeholders. Following the risk assessment.
In the due diligence review of third-party relationships, you need to evaluate, at minimum, the following: How does the vendor support my overall business objectives and strategic plans? How critical to business operations is the vendor? How important is the vendor to businesscontinuity?
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