BCM & ERM Collaboration for Effective Risk Management

Wed, Feb 8, 2023 2:00 PM – 3:00 PM EDT

The integration of business continuity management (BCM) and enterprise risk management (ERM) not only enhances the value proposition for both disciplines, but more importantly, it also enables organizations to better execute and achieve their strategic vision.

ERM is a top-down discipline that seeks to mitigate risks that have an adverse impact on the organization’s strategic objectives. ERM is assessing both the likelihood and impact of various categories of risk at the strategic and operational levels, whereas BCM is determining the response to an impact regardless of the cause at an operational level.

When ERM mitigation strategies fail, BCM provides the necessary steps to recover, and it’s this bottom-up approach that effectively complements the ERM process. Successfully integrating the two disciplines is necessary for the organization to fully capitalize on its risk management disciplines.

Key Take-Aways: 1. Challenges 2. Commonalities 3. Increased Effectiveness

Register Today!