Operational Resilience vs Business Continuity 

At first glance, you might think Operational Resilience is just Business Continuity (BC) by another name, but there is a difference. Business Continuity focuses on the plan to deal with disruptions (usually severe) and ensuring the organisation can maintain essential services at pre-defined levels, within an acceptable timeframe. 

So what is the difference? 

Operational Resilience is focused on outcomes. The organisation continues to deliver critical services through the disruption. This certainly requires good Business Continuity planning, but it also requires effective operational risk management where risks are identified, and measures are put in place to prevent undesirable events from happening in the first instance. It also requires the continuous monitoring of the environment/business context for changes that may require a corresponding change to a process/procedure. When disasters do happen, they are never exactly as expected, so Business Continuity plans have to be adapted. This ability to respond and adapt before, during and after an event is agility, the ability to see opportunities and threats and respond quickly. The most resilient organisations are agile. 

Business continuity and operational resilience go hand in hand and are important measures when implementing risk frameworks and strengthening the risk management processes in your business 

If you would like to know more about business continuity, operational resilience, risk management or governance as a whole, be sure to download our free Risk and Operational Resilience White Paper to gain insight into the topic and assess your own operational resilience. 

Recent News

forward thinking imagery

Incident vs Crisis

Not every incident/event is a crisis, but it can have the potential to become a crisis if not ...
Read More
Logging in to attend a CalQRisk webinar

Operational Resilience vs Business Continuity 

At first glance, you might think Operational Resilience is just Business Continuity (BC) by another name, but there ...
Read More
Central bank of ireland building

Assessing your Outsourcing Governance Framework

In March 2022, the Central Bank of Ireland fined BNY Mellon Fund Services €10.78 million for 16 regulatory ...
Read More
laptops on a table doing risk reports

Cybersecurity – What are the risks?

With changes to working culture, and more people working from home than ever, businesses can see the importance ...
Read More
IWD2022 employee spotlight

International Women’s Day Spotlight – Fiona Kiely

It's International Women's Day and today we would like to shine the spotlight on our very own Fiona ...
Read More
risk assessment

10 Key Steps to getting Operational Resilience off the ground

It can seem daunting to begin a brand-new process for your business. However, risk assessments are an easy ...
Read More
CalQRisk and CUMA

CalQRisk at CUMA Spring Conference

CalQRisk will be attending the CUMA Spring Conference & AGM 2022 – “Changing Landscapes” The conference takes place ...
Read More
regtech 100 2022 badge

CalQRisk included in the RegTech 100 List

Now in its fifth edition, the list recognises the world’s most innovative technology solution providers that offer products ...
Read More
risk management cogs and gears of plan

Thematic Review of Risk Management Maturity – Summary of Key Findings

Thematic Review of Risk Management Maturity – Summary of Key Findings Earlier this year, the Central Bank of ...
Read More
Sunday Business Post Logo

Business Post – Improving the Odds

We were delighted to be featured in the Business Post recently. In the article, our CTO discussed the ...
Read More