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Volume 29, Issue 4

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The Time Has Come For Continuity Risk Management

Written by  David Nolan Tuesday, 04 December 2012 23:18

The time has come for business continuity to align with the broader risk management culture of the enterprise. Business realities are challenging our traditional notions of business continuity and disaster recovery. Objectives are changing, and the business value you provide is being defined in new ways. Starting with the concept that “vulnerabilities and threats are endless, but the funds to address them are not,” it is not only possible, but probable, that an organization will have to accept more risk than the executive team is comfortable with because there simply isn’t enough money to fully address every risk. While DR/BCP programs have been around for decades and have included business impact and risk assessments (BIAs), it would be a stretch to suggest that DR/BC programs have been integral to an organization’s enterprise risk management program … until now! There are compelling drivers that are pushing DR/BCP into the risk management fold and