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Risk Management as a Career: A Guide for BCM Professionals

MHA Consulting

For those with a suitable temperament and skill set, a career in risk management can be rewarding due to the field’s broad scope, consequential nature, and rising prominence. In this week’s post, we’ll look at what a risk manager does and the skills it takes to excel in this role. It’s a permanent ongoing activity.

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Risk Management Process – Part 3c: Risk Control

Zerto

There are four fundamental types of risk control: risk acceptance, risk mitigation, risk avoidance, and risk transfer. Risk control’s critical importance lies in its ability to minimize the impact of potential risks and avert costly and disruptive events.

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Business Continuity and Risk Management

BCP Builder

What is the relationship between Business Continuity and Risk Management? The relationship between Business Continuity and Risk Management depends on the organization. In most cases, Business Continuity is a sub-domain of Risk Management. It is a collection of good management practices linked together.

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These 8 Risk Domains Are the Meat and Potatoes of Risk Management 

MHA Consulting

As a practical activity, enterprise risk management (ERM) centers on eight distinct risk domains, some strategic and some operational. With respect to this process, the total landscape of risk that is assessed and mitigated can be divided into eight risk domains. Risk management is not one-size-fits all.

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Global Turmoil Making You Ill? Try a Dose of Risk Management  

MHA Consulting

In such times, the best thing an organization can do is get serious about risk management. Related on BCMMETRICS: The ABCs of ERM: The Rise of Enterprise Risk Management An Unstable Global Environment Not since the height of the Cold War has the global environment felt as shaky as it does now.

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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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Important KPIs for Successful Vendor Management

Reciprocity

Every risk management program should include risks posed by your vendors. Beware, however: vendor risk management is a complex process unto itself, requiring ongoing monitoring and measurement. What Are Vendor Risk Management Metrics? The six risks listed below are a good place to start.