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.

Insurance 87

Insurance Insurance Outsourcing Mitigation 87

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

AUGUST 24, 2023

Because the organization and environment inevitably change over time, managing risk is a task that’s never done. It’s a permanent ongoing activity. The operational areas that risk management is concerned are broad and varied. Both terms refer to how much risk management is prepared to accept in pursuit of its objectives.

Risk Management 90

Risk Management BCM Management All-Hazards 90