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Uniting business continuity management and operational risk management

Author

Listed:
  • Farr, Marce
  • Bailey, Dan

Abstract

Over the last decade or so, risk management has seen an increase in regulatory requirements, as well as audit scrutiny. A side effect of this is that many disparate but related management programmes are being tied into a common point of conversation: operational risk management. This paper explores how business continuity is being synthesised under the umbrella of operational risk management — from the common points between operational risk management and business continuity to the benefits of uniting these programmes. The paper also explores other disparate but related programmes, to consider how continuity practitioners could take a slightly different approach to the business continuity planning process. Lastly, the paper will outline how uniting these programmes would benefit continuity practitioners.

Suggested Citation

  • Farr, Marce & Bailey, Dan, 2019. "Uniting business continuity management and operational risk management," Journal of Business Continuity & Emergency Planning, Henry Stewart Publications, vol. 12(4), pages 294-300, June.
    • Handle: RePEc:aza:jbcep0:y:2019:v:12:i:4:p:294-300
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    More about this item

    Keywords

    enterprise risk management; operational risk management; enterprise change management; information security; vendor management; project management; privacy; certifications;
    All these keywords.

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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