Understanding and managing risk is more demanding today than ever before. Today, in order to be dynamic and successful, companies must identify, analyse, evaluate, and treat loss exposures as well as to monitor risk control and financial resources to mitigate the adverse effects of loss.
To ensure the business continuity, the risk control and risk mitigation aspects must be a core part of the strategy, operations and culture of a company.
Any event that could negatively affect operations is included in the Business Continuity Plan, the task of which is to protect the company’s physical assets against hazards, and to help to maintain the continuity of operations from potentially disastrous consequences of such hazards.
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