Difference Between Risk Management And Business Continuity Management
After every natural disaster, people are deprived of basic amenities like water, food and power. On the other side of the coin, the utility industry is always at the receiving end to succumb to any type of disaster, be it man-made or natural. In this scenario, this sector needs a comprehensive business continuity management strategy to serve the people even during a crisis.
The services delivered by these utility companies are critical to the economic and social well-being of a society. Thus, continuity of utility sectors like Power Distribution is a critical issue to be considered by senior management and concerned authorities.
Business Continuity Management strategy helps you prepare for the worst. However, that worst may not happen many times. Then why do we need a separate policy and committed resources for a prophecy?
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