MHA Consulting

AUGUST 24, 2023

As a reminder, risk management is the process of understanding the hazards facing an organization and taking steps to bring them to within a level determined to be acceptable by the senior leadership. It’s not about eliminating risk completely but managing it in a rational, informed way. It’s a permanent ongoing activity.

Risk Management 90

Risk Management BCM Management All-Hazards 90

MHA Consulting

AUGUST 3, 2023

As a practical activity, enterprise risk management (ERM) centers on eight distinct risk domains, some strategic and some operational. With respect to this process, the total landscape of risk that is assessed and mitigated can be divided into eight risk domains. For more on those strategies, click here and here.)

Risk Management 75

Risk Management Management Strategic Mitigation 75

LogisManager

JANUARY 12, 2023

Risk appetites and tolerances are the perfect way to make data-driven, performance-enhancing decisions while developing a system to understand when and where your business is taking on too much risk, or not taking on enough. Risk Appetite. Risk Tolerance. Risk Appetite.

Acceptable Risk 52

Acceptable Risk Strategic Activation Mitigation 52

MHA Consulting

MARCH 2, 2023

Residual Risk There are two main kinds of risk when it comes to organizational activities and business continuity: inherent risk and residual risk. Inherent risk is the danger intrinsic to any business activity or operation. A related but higher level concept is that of risk mitigation strategies.

Mitigation 75

Mitigation BCM Acceptable Risk Risk Management 75

MHA Consulting

FEBRUARY 9, 2023

. · Risk avoidance: Altering organizational behavior to eliminate a given risk. Risk limitation: Taking measures to reduce risk, short of completely eliminating it. Incorporates a combination of the strategies of risk avoidance and risk acceptance. 2) Is the vendor resilient?

Insurance 87

Insurance Insurance Outsourcing Mitigation 87

BCP Builder

FEBRUARY 1, 2024

Business Continuity Management risk is a sub domain of Enterprise Risk Management, like Information Security Risk Management or Health and Safety Risk Management. The Business Impact Analysis pulls from the Enterprise Risk Management process, the Business Continuity Plan is a series of contingency actions.

Risk Management 52

Risk Management Business Continuity All-Hazards Management 52

Reciprocity

SEPTEMBER 23, 2022

SOC 2 and ISO 27001 complement each other by giving you a strategy for securing your information landscape and for demonstrating the security of your environment. Designed by the International Standards Organization (ISO), ISO 27001 spells out industry standards for an information security management system (ISMS). What Is an ISMS?

Audit 52

Audit Accreditation Acceptable Risk Security 52