BCP Builder

FEBRUARY 1, 2024

What is the relationship between Business Continuity and Risk Management? The relationship between Business Continuity and Risk Management depends on the organization. In most cases, Business Continuity is a sub-domain of Risk Management.

Risk Management 52

Risk Management Business Continuity All-Hazards Management 52

Reciprocity

AUGUST 17, 2022

On the other hand, confusion about risks – and especially about strategic and operational risks – undermines an organization’s ability to manage risk well. This article addresses common questions about strategic and operational risk, such as: What are strategic risks and operational risks?

Strategic 52

Strategic Risk Management Mitigation Evaluation 52

MHA Consulting

AUGUST 3, 2023

As a practical activity, enterprise risk management (ERM) centers on eight distinct risk domains, some strategic and some operational. Finally, everyone involved in assessing and mitigating risk at an organization needs to make sure their work is custom-tailored to that company’s industry and culture.

Risk Management 75

Risk Management Management Strategic Mitigation 75

MHA Consulting

FEBRUARY 15, 2024

An emerging hot topic in business continuity and risk management is the software known as a risk management information system (RMIS). An RMIS can help an organization identify, assess, monitor, and mitigate risks, but often they merely seduce and distract companies that are not in a position to make proper use of them.

BCM 84

BCM Risk Management Mitigation Business Continuity 84

Zerto

AUGUST 24, 2023

The third crucial step in risk assessment is risk control, which involves crafting effective strategies to mitigate the identified risks. There are four fundamental types of risk control: risk acceptance, risk mitigation, risk avoidance, and risk transfer.

Risk Management 88

Risk Management Management Acceptable Risk Mitigation 88

LogisManager

JANUARY 12, 2023

Risk tolerances, on the other hand, set acceptable levels of variation in performance that can be readily measured. For example, a company that says it doesn’t accept risks that could result in a significant loss of its revenue base is expressing a risk appetite. Risk Appetite. Risk Tolerance.

Acceptable Risk 52

Acceptable Risk Strategic Activation Mitigation 52

MHA Consulting

AUGUST 24, 2023

More simply, the job of the risk manager is to identify, prioritize, and mitigate the risks faced by the organization. Risk Management and Business Continuity The relationship of the risk management department and the business continuity office varies by organization. Transferring risk.

Risk Management 90

Risk Management BCM Management All-Hazards 90