Remove Acceptable Risk Remove Activation Remove Business Continuity Remove Outsourcing
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How to Offload Your Risk to a Third Party

MHA Consulting

Incorporates a combination of the strategies of risk avoidance and risk acceptance. Risk transfer: Passing risk on to another organization, such as by hiring a third-party vendor to perform the associated function. Here are the things you need to know to be successful in offloading your risk to a third party.

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Important KPIs for Successful Vendor Management

Reciprocity

What Are the Most Common Vendor Risks? 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.

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Risk Management as a Career: A Guide for BCM Professionals

MHA Consulting

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. The best practice is for BC to be tucked inside the risk management department. Reducing risk.