MHA Consulting

MARCH 2, 2023

Residual risk is one of the foundational concepts of business continuity management. Identifying and reducing residual risk is the most cost-effective way of making an organization more resilient. Understanding Risk Tolerance In managing risk, the goal for organizations is not to get their risk down to zero.

Mitigation 75

Mitigation BCM Acceptable Risk Risk Management 75

MHA Consulting

FEBRUARY 9, 2023

There are four main strategies for mitigating risk : · Risk acceptance: Making a conscious decision to remain vulnerable to a potential harm, usually based on a cost-benefit analysis. Risk avoidance: Altering organizational behavior to eliminate a given risk. 2) Is the vendor resilient?

Insurance 87

Insurance Insurance Outsourcing Mitigation 87

MHA Consulting

AUGUST 3, 2023

In today’s post, we’ll lay out what these domains are, reveal which ones tend to get overlooked, and explain how knowing about the domains can help business continuity professionals reduce their organizations’ risks and bolster their resilience. For more on those strategies, click here and here.)

Risk Management 75

Risk Management Management Strategic Mitigation 75