How is Business Continuity Management (BCM) related to Risk Management?

Business Continuity Management (BCM) is closely related to Risk Management in that BCM serves as a specialized aspect within the broader framework of Risk Management. Primarily, BCM focuses on maintaining and restoring operations following a disruption, which is a critical component of managing risks that could impact an organization’s ability to function effectively.

By integrating BCM into Risk Management, organizations can identify potential risks then plan for continuity in the face of those risks. This ensures that not only are organizations aware of the risks they face, but they also have established plans in place to mitigate the impact of these risks on their operations. For instance, if a natural disaster is identified as a significant risk, a robust BCM plan would outline how to continue operations or recover quickly following such an event.

In contrast, BCM is not entirely separate from Risk Management, nor is it limited to only financial crises or overlap solely with auditing processes. The holistic approach of integrating BCM into the broader risk framework provides organizations with a better ability to prepare, respond, and recover from disruptive incidents while preserving operational integrity.