Reciprocity

AUGUST 17, 2022

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?

Strategic 52

Strategic Risk Management Mitigation Evaluation 52

MHA Consulting

AUGUST 3, 2023

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 75

Risk Management Management Strategic Mitigation 75

Zerto

AUGUST 24, 2023

The third crucial step in risk assessment is risk control, which involves crafting effective strategies to mitigate the identified risks. There are four fundamental types of risk control: risk acceptance, risk mitigation, risk avoidance, and risk transfer.

Risk Management 93

Risk Management Management Acceptable Risk Mitigation 93

MHA Consulting

AUGUST 24, 2023

It’s not about eliminating risk completely but managing it in a rational, informed way. 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.

Risk Management 90

Risk Management BCM Management All-Hazards 90

Reciprocity

AUGUST 24, 2022

Begin by determining your organization’s tolerance for cybersecurity risk. After acceptable risk levels have been established, evaluate vendors’ security performance — and if a vendor’s cybersecurity is too lax for your tastes, require that vendor to make improvements as necessary. Compliance. Staff training.

Management 52

Management Risk Management Cybersecurity Strategic 52

BCP Builder

FEBRUARY 1, 2024

Business Continuity Management Business Continuity Management is a tool that reacts when there is a business disruption, while Enterprise Risk Management is a strategic tool used by management to accomplish its business objectives. The Business Continuity Management System framework is the system that stitches activities together.

Risk Management 52

Risk Management Business Continuity All-Hazards Management 52