BCP Builder
FEBRUARY 1, 2024
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.
MHA Consulting
FEBRUARY 15, 2024
An emerging hot topic in business continuity and risk management is the software known as a risk management information system (RMIS). An RMIS can help an organization identify, assess, monitor, and mitigate risks, but often they merely seduce and distract companies that are not in a position to make proper use of them.
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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.
IT Governance BC
JANUARY 12, 2021
Very few organisations have the means to address every risk, so this system helps them dedicate appropriate time and money to the biggest priorities. In the example above, organisations would almost certainly address any risk that scored 12 or more but accept risks that scored 3 or less.
MHA Consulting
MARCH 2, 2023
Reducing risk is at the heart of everything we do as business continuity professionals. This week’s blog post will spell out the key concepts relating to this all-important goal; call it “The Ultimate Guide to Residual Risk.” Inherent risk is the danger intrinsic to any business activity or operation.
MHA Consulting
FEBRUARY 9, 2023
Incorporates a combination of the strategies of risk avoidance and risk acceptance. Risk transfer: Passing risk on to another organization, such as by hiring a third-party vendor to perform the associated function. You still need to have a program to ensure the continuity of your business.
Business Resilience Decoded
FEBRUARY 3, 2022
Episode 91: How Generational Diversity and Racial Equity are Getting Companies Future-Ready with Raven Solomon This month, the Business Resilience DECODED Podcast will be focused on diversity, equity, and inclusion in the workplace. LinkedIn: [link] Disaster Recovery Journal: [link]
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