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These 8 Risk Domains Are theĀ Meat and Potatoes of Risk ManagementĀ 

MHA Consulting

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.

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5 Steps towards an Actionable Risk Appetite

LogisManager

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.

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Risk Management as a Career:Ā A Guide for BCM Professionals

MHA Consulting

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. Itā€™s not about eliminating risk completely but managing it in a rational, informed way. Itā€™s a permanent ongoing activity.

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Business Continuity and Risk Management

BCP Builder

Business Continuity Management Business Continuity Management is a tool that reacts when there is a business disruption, while Enterprise Risk Management is a strategic tool used by management to accomplish its business objectives. The Business Continuity Management System framework is the system that stitches activities together.

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Important KPIs for Successful Vendor Management

Reciprocity

Begin by determining your organization’s tolerance for cybersecurity risk. After acceptable risk levels have been established, evaluate vendorsā€™ security performance ā€” and if a vendorā€™s cybersecurity is too lax for your tastes, require that vendor to make improvements as necessary. Business Continuity.