Looking at enterprise risk in an holistic way is a key theme of the Security Management Stage 3 Course, currently underway at the ARC Training International Academy for Security Management.
Enterprise risk management offers a framework for considering sources of uncertainty that could impact on an organisation’s strategic objectives regardless of source. An ERM process will therefore identify uncertainty which may derive from broad trends, as well as distinct unexpected trends which are addressed in parallel by business continuity management.
By combining both ERM and BCM, the organisation may be able to create a more holistic approach to building resilience. After all, resilience is defined as the ability of a body to return to its original form following deformation – in effect, bouncing back following adversity. Proactively, a combined ERM/BCM approach creates a readiness to respond and adapt to changing circumstances.
For more on this approach, email David for a pdf article entitled “The Role of Resilience in an Increasingly Uncertain World”.
