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As Business Continuity Management (BCM) programs continue to evolve and mature, Enterprise Risk Management (ERM) processes are just beginning to take hold. The promise of competitive advantage through effective risk management has captured the attention of executive managers worldwide. Can BCM jumpstart ERM? Definitions.
The maturity levels typically range from ad-hoc or reactive risk management practices, to proactive and integrated risk management practices that are aligned with the organization’s strategic objectives.
The maturity levels typically range from ad-hoc or reactive risk management practices, to proactive and integrated risk management practices that are aligned with the organization’s strategic objectives.
Far from being a mere cost center, business continuity is a strategic investment. Strategic technology investments enhance resilience without breaking the budget. Business continuity is an investment in riskreduction and organizational resilience. Myth 11: Business Continuity is a Non-Essential Cost Center.
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