Risk Management and Business Continuity Planning: An Integrated Review

Abstract

Risk Management and Business Continuity Planning (BCP) have become essential organizational capabilities in an era marked by global uncertainty, technological complexity, and fast-evolving disruptions. Effective risk management identifies, assesses, and mitigates threats, while BCP ensures organizational functionality during and after crisis events. This review synthesizes insights from 25 scholarly sources to examine the evolution, principles, and strategic importance of risk management and BCP. A comparative table highlights differences and complementarities between risk management and business continuity, demonstrating how integration strengthens organizational resilience. Findings reveal that companies with robust risk and continuity frameworks are better equipped to manage uncertainty, protect assets, sustain operations, and maintain stakeholder trust. The paper concludes that risk management and BCP must be approached holistically as part of enterprise-wide resilience strategies in the digital and globalized economy.