MHA Consulting

MARCH 2, 2023

A related but higher level concept is that of risk mitigation strategies. There are four main risk mitigation strategies: Risk acceptance. A strategy involving a conscious decision to remain vulnerable to a potential harm, usually based on a cost-benefit analysis. Risk avoidance. Risk limitation.

Mitigation 75

Mitigation BCM Acceptable Risk Risk Management 75

MHA Consulting

FEBRUARY 23, 2023

Try a Dose of Risk Management As a business continuity professional, I tip my hat to any organization that makes a serious effort to reduce its risks. Unfortunately, many companies do not get their money’s worth when it comes to implementing risk mitigation controls. I wish it were true.

Mitigation 83

Mitigation Authorization Risk Management Vulnerability 83

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.

Insurance 87

Insurance Insurance Outsourcing Mitigation 87

MHA Consulting

AUGUST 3, 2023

(Sometimes the potential consequences of a given risk are too small to worry about.) Rather, we do it as a starting point for conducting a cost/benefit analysis of each risk and ultimately applying one of the four main risk mitigation strategies: risk acceptance, risk avoidance, risk limitation, or risk transfer.

Risk Management 75

Risk Management Management Strategic Mitigation 75

MHA Consulting

OCTOBER 19, 2022

I included MHA’s definitions of the strategies last time in my post on enterprise risk management. In case you missed it, here they are again: Risk acceptance is a conscious decision to remain vulnerable to a potential harm, usually based on a cost-benefit analysis. It should become a part of the company culture.

Risk Management 52

Risk Management Management Mitigation Business Continuity 52