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 3, 2023

(Sometimes the potential consequences of a given risk are too small to worry about.) Rather, we do it as a starting point for conducting a cost/benefit analysis of each risk and ultimately applying one of the four main risk mitigation strategies: risk acceptance, risk avoidance, risk limitation, or risk transfer.

Risk Management 95

Risk Management Management All-Hazards Mitigation 95

BMC

JANUARY 1, 2025

Use tools that make risks clear and facilitate both open communication and a culture that encourages sharing concerns. Define limits, processes, and guardrails around acceptable risks. Make roles and accountability clear, with a sense of individual ownership. Monitor and measure, taking in feedback from all stakeholders.

All-Hazards 105

All-Hazards Hazard Application Evaluation 105

Business Resilience Decoded

FEBRUARY 3, 2022

Avoiding this important topic and all the critical conversations around it means accepting risk in our organizations, so in this episode, Raven Solomon is guiding us through generational diversity to support and recruit employees of all ages, as well as how racial equity is preparing businesses for the future.

Disaster Recovery 36

Disaster Recovery Acceptable Risk Sports Media 36

Business Resilience Decoded

FEBRUARY 3, 2022

Avoiding this important topic and all the critical conversations around it means accepting risk in our organizations, so in this episode, Raven Solomon is guiding us through generational diversity to support and recruit employees of all ages, as well as how racial equity is preparing businesses for the future.

Disaster Recovery 36

Disaster Recovery Acceptable Risk Sports Media 36

Business Resilience Decoded

FEBRUARY 3, 2022

Avoiding this important topic and all the critical conversations around it means accepting risk in our organizations, so in this episode, Raven Solomon is guiding us through generational diversity to support and recruit employees of all ages, as well as how racial equity is preparing businesses for the future.

Disaster Recovery 36

Disaster Recovery Acceptable Risk Sports Media 36

MHA Consulting

OCTOBER 19, 2022

I included MHA’s definitions of the strategies last time in my post on enterprise risk management. In case you missed it, here they are again: Risk acceptance is a conscious decision to remain vulnerable to a potential harm, usually based on a cost-benefit analysis.

Risk Management 52

Risk Management Management Mitigation Business Continuity 52

MHA Consulting

FEBRUARY 29, 2024

In essence, risk management is about being mature, practical, and proactive in actively managing down risk to make the organization more prepared to limit impacts and ensure operational resiliency. Following the risk assessment. Identified risks should not just be ignored with the hope the impact will not occur.

Management 52

Management Risk Management Mitigation Strategic 52

BCP Builder

FEBRUARY 1, 2024

The resulting Risk Register will be comprehensive and will cover almost all the risks and could be used both for Business Continuity and Risk Management. The result of the Risk Assessment enables leadership to determine the acceptable risk appetite of the company.

Risk Management 52

Risk Management Business Continuity All-Hazards Management 52

Reciprocity

SEPTEMBER 23, 2022

The ISO 27001 statement of applicability focuses on preserving the confidentiality, integrity, and availability of information as part of the risk management process. These control sets offer management the option to avoid, transfer, or accept risks, rather than mitigate those risks through controls. What Is an ISMS?

Audit 52

Audit Accreditation Acceptable Risk Security 52

Reciprocity

AUGUST 24, 2022

Before outsourcing your business processes or striking some other deal with vendors, you do need to assess the risks they pose. The six risks listed below are a good place to start. Begin by determining your organization’s tolerance for cybersecurity risk. Cybersecurity.

Management 52

Management Risk Management Cybersecurity Strategic 52

Reciprocity

AUGUST 17, 2022

Since operational risks are constant, varied, and increasingly complex, ORM is an ongoing activity. It is guided by four fundamental principles: Accept no unnecessary risk. Accept risk when benefits outweigh costs. Make risk decisions at the appropriate level. Anticipate and manage risk with planning.

Strategic 52

Strategic Risk Management Mitigation Evaluation 52

Solutions Review

OCTOBER 13, 2021

Description: In this course, Implementing and Performing Risk Management with ISO/IEC 27005, you will find a practical framework to prioritize and orchestrate a comprehensive information security risk framework. First, you will learn about the internationally accepted risk management standard ISO/IEC 27005.

Risk Management 52

Risk Management Management Continuity Planning Accreditation 52

Reciprocity

OCTOBER 7, 2024

Audit your Due Diligence Procedure Organizations must track how well and precisely their due diligence systems evaluate vendor risk to sustain owing diligence. You can develop success metrics when reviewing your due diligence procedures using your risk appetite and tolerance statements as a baseline for acceptable risk.

Cybersecurity 52

Cybersecurity Audit All-Hazards Risk Management 52

Reciprocity

OCTOBER 9, 2024

You mitigate newly identified vulnerabilities or document them as accepted risks. Mitigation (RS.MI): The organization works to prevent the expansion of events, mitigate events’ effects, and resolve incidents. Incidents are contained. Incidents are mitigated.

Cybersecurity 40

Cybersecurity Audit Risk Management Vulnerability 40

Reciprocity

OCTOBER 9, 2024

You mitigate newly identified vulnerabilities or document them as accepted risks. Mitigation (RS.MI): The organization works to prevent the expansion of events, mitigate events’ effects, and resolve incidents. Incidents are contained. Incidents are mitigated.

Cybersecurity 40

Cybersecurity Audit Risk Management Vulnerability 40

BMC

JANUARY 1, 2025

Use tools that make risks clear and facilitate both open communication and a culture that encourages sharing concerns. Define limits, processes, and guardrails around acceptable risks. Make roles and accountability clear, with a sense of individual ownership. Monitor and measure, taking in feedback from all stakeholders.

All-Hazards 98

All-Hazards Hazard Application Evaluation 98