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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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Business Continuity and Risk Management

BCP Builder

The Business Impact Analysis pulls from the Enterprise Risk Management process, the Business Continuity Plan is a series of contingency actions. The Business Continuity Management System framework is the system that stitches activities together. When you are evaluating the internal and external issues (Clause 4.1

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The Difference Between Strategic and Operational Risk

Reciprocity

Risk monitoring and risk data reporting. 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. What Is Strategic Risk?

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Important KPIs for Successful Vendor Management

Reciprocity

The six risks listed below are a good place to start. Begin by determining your organization’s tolerance for cybersecurity risk. Ongoing monitoring of vendor compliance activities assures alignment with your legal requirements because non-compliance with these regulations frequently carries steep fines. Cybersecurity.