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The Difference Between Strategic and Operational Risk

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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?

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5 Steps towards an Actionable Risk Appetite

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As a governance professional, it’s your job to make sure these decisions are directly in line with the company’s unique goals and objectives. Understanding Risk Appetite and Risk Tolerance An organization-wide risk appetite can be a powerful statement that gives your risk program direction. Risk Appetite.

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Important KPIs for Successful Vendor Management

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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. Business Continuity.