Is It Business Continuity or Risk Management?
What’s in a name? Depending on the person offering the definitions, business continuity and risk management are sometimes considered as different functions, or subsets of each other, or simply the same. For example, the prevention, preparedness, response and recovery approach to risk management or PPRR is presented as risk management. However, when all the steps are accomplished and the results put together, you end up with a business continuity plan. Indeed, risk identification and business impact analysis are two classic steps in preparing overall business continuity. But what then of the opposite idea that business continuity is a subset of risk management? Read more