In the first article in a short series explaining how to use mathematical concepts to bring more accuracy to risk and impact assessments made for business continuity and enterprise risk management, Alejandro Aristizábal Correa looks at ways to calculate the probability of events.
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Business continuity can be defined as 'the processes, procedures, decisions and activities to ensure that an organization can continue to function through an operational interruption'. Read more about the basics of business continuity here.
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