Thedifference between ERM and BCM. One of the key differences between ERM and BCM is their approaches. Due to the preventive nature of ERM programs, enterprise risk management is a largely strategic undertaking—it's focused on understanding and planning for hypothetical situations.
BusinessContinuity Program Manager. The business continuity program manager has direct oversight and responsibility for business continuity program operations, reporting, and day-to-day activities. They manage and set the programmatic expectations that guide business unit leaders and business continuity planners in writing their continuity plans.
Someof the key objectives of a business continuity plan are as follows: Prevent or minimize financial loss to an organization. Serve customers even during an unexpected disruption. Create contingency plans to mitigate the effects of various disruptions. Identify key resources who can perform recovery operations.
Thisterm traditionally is used by the Federal Government and its supporting agencies to describe activities otherwise known as Disaster Recovery, Business Continuity (BC), Business Resumption, or Contingency Planning. (Source: Disaster Recovery Institute International / Disaster Recovery Journal - DRII/DRJ) 3.
Assignsroles to team members during an incident. It also explains the various means of contact. In addition, a business continuity plan addresses team evaluation and regular plan updates. However, in the realm of cybersecurity, an incident reaction is what's known as an internal security incident. This indicates that a change has occurred.
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business continuity management vs business continuity plan