Business continuity planning is a well-established means for managing what type of risk?
Business continuity planning is a well-established means for managing what type of risk?
Business continuity planning is a well-established means for managing operational risk. It involves creating processes and systems to ensure the continuation of critical business functions during and after disruptions or crises, such as natural disasters, cyber attacks, or other events that impact regular operations. These disruptions fall under the category of operational risks, which include risks related to day-to-day operations like equipment failures, supply chain disruptions, and human errors.
Business continuity planning is a well-established means for managing operational risk. It focuses on creating processes and systems to ensure the continuation of critical business functions during and after a disruption or crisis, such as natural disasters, cyber attacks, or other events that can impact regular operations.
Operational risks are those that arise from the day-to-day operations of a business. These risks can include things like equipment failures, supply chain disruptions, and human errors.