In business risk management, risk-reward is a concept known by many, but understood by rather fewer.
Let’s be honest. Between ‘Risk Evaluation’ and ‘The Science of Danger’, the second name has more star quality.
Many organisations have business continuity plans designed to cater for major catastrophes but often don’t consider some of the less dramatic but more common causes of business interruption such as extended power or IT failures. Consider whether your BCP has the flexibility to respond to the wide variety of incidents that may occur.