What’s the Difference Between Enterprise Risk and Business Impact?
Enterprise risk assessments (ERA) and business impact assessments (BIA) are the heart of operational resilience. Both are foundational to managing risk. Each plays a distinct role in helping companies navigate uncertainty. But they are not interchangeable. What’s the difference? ERA is about prevention. BIA is about recovery. What is an Enterprise Risk Assessment? An ERA takes a wide-angle lens to risk. It’s designed to identify and prioritize ...