This PPT slide, part of the 30-slide Business Continuity Management System - Best Practices PowerPoint presentation, presents a comparative analysis of Business Continuity Management (BCM) and Risk Management, highlighting their distinct methodologies, parameters, incident types, event sizes, and scopes.
In the "Key Method" section, BCM employs business impact analysis, focusing on how disruptions affect critical operations. In contrast, Risk Management utilizes risk analysis, which assesses both impact and probability across a broader range of events. This distinction underscores BCM's targeted approach to significant disruptions, while Risk Management encompasses all potential risks.
The "Key Parameters" further delineate these approaches. BCM emphasizes availability and impact, directly linking the analysis to operational continuity. Risk Management, however, broadens its focus to include the likelihood of various incidents, suggesting a more comprehensive risk profile.
When examining the "Type of Incident," BCM is concerned with events that significantly disrupt business operations, specifically those that threaten core processes. Risk Management, on the other hand, considers all types of events affecting the organization, indicating a more expansive view of potential threats.
The "Size of Events" category reinforces this differentiation. BCM is particularly focused on sudden or rapid events that jeopardize core processes, whereas Risk Management addresses all events, regardless of their immediacy or severity.
Finally, the "Scope" section reveals that BCM primarily concentrates on incident management and the recovery of critical processes post-incident. Risk Management aims at managing risks to core business objectives proactively, which includes preventing or reducing incidents.
This slide effectively illustrates the complementary yet distinct roles of BCM and Risk Management, providing valuable insights for organizations looking to enhance their resilience strategies.
This slide is part of the Business Continuity Management System - Best Practices PowerPoint presentation.
MBB/Big 4 style presentation that covers key BCMS-related best practices and offers general guidance based on the ISO 22301:2019 standard.
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Business Continuity Planning ISO 22301 Risk Management Business Continuity Management Incident Management Business Impact Analysis Best Practices Disruption
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