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The Difference Between Strategic and Operational Risk

Reciprocity

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?

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At Risk of Distraction: The Seductive Appeal of RMIS Software

MHA Consulting

Key features of an RMIS typically include: Risk Identification. The system allows organizations to identify and document various types of risks they are exposed to, including operational, financial, strategic, compliance, and reputational risks. Risk Assessment. Incident Management.

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Risk Management as a Career: A Guide for BCM Professionals

MHA Consulting

Those risk areas are: Human error Nature Supply chains Vendors Technology Data security Facility security Business processes/management For more details on these areas, check out “ Rinse and Repeat: Using the Risk Management Process to Manage Uncertainty ” and “ Everything You Always Wanted to Know About Managing Risk but Were Afraid to Ask.”

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Important KPIs for Successful Vendor Management

Reciprocity

Before outsourcing your business processes or striking some other deal with vendors, you do need to assess the risks they pose. The six risks listed below are a good place to start. Begin by determining your organization’s tolerance for cybersecurity risk. Cybersecurity.