THREE LINES OF DEFENSE: Aligning Business Processes with Risk Management - Building Business Capability

Speakers:

Alex Aganov

THREE LINES OF DEFENSE: Aligning Business Processes with Risk Management

date:

Thursday, October 22, 2020

Time:

4:45 pm

Summary:

Business continuity depends on how well an organization is prepared to face internal and external risks and challenges.

Organizations which have established and maintained sound Risk, Incident and Crisis Management frameworks are ready to respond to and mitigate issues that arise better than their counterparts.

It also important to consider BPM as an essential part of Risk-Control Assessment  since the performance goals, processes, risks and related controls as well as risk mitigation actions need to be modeled to be able to  adapt to business changes that occur or may be anticipated based on known and unknown internal and external factors.

Learning Objectives:

  • Risk-Control assessment is an essential part of BPM
  • Risk, Incident and Crisis Management frameworks are essential parts of business continuity plan
  • Both, proactive and reactive processes and procedures must be in place to be prepared to face internal and external risks and challenges

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