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The A to Z of risk terminology – ‘B’

Bow-Tie Methodology - risk evaluation method to analyse and demonstrate causal relationships in risk scenarios. It focuses on Causes / Preventing Controls, and Consequences / Mitigating Controls. Name comes from shape of the diagram created

Business Continuity Plan - detailed plans defining roles, responsibilities and actions to ensure effective management of a disruption and restoration to business as usual.

See also Resilience

Business Risk - The risks arising from ongoing business as usual activities of The organisation’s that may impact those operations or activities.

See also Operational Risk

Photo by Brett Jordan on Unsplash

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