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 88

Risk Management Management Acceptable Risk Mitigation 88

LogisManager

JANUARY 12, 2023

Risk tolerances, on the other hand, set acceptable levels of variation in performance that can be readily measured. For example, a company that says it doesn’t accept risks that could result in a significant loss of its revenue base is expressing a risk appetite. Risk Appetite. Risk Tolerance.

Acceptable Risk 52

Acceptable Risk Strategic Activation Mitigation 52

MHA Consulting

FEBRUARY 15, 2024

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.

BCM 84

BCM Risk Management Mitigation Business Continuity 84

BCP Builder

FEBRUARY 1, 2024

A modern 24/7 business cannot tolerate interruption and therefore looks for its resilience teams to prepare for the high risk scenarios which could occur. This allows them to proactively develop pragmatic strategies to mitigate the risk. If flooding is a real risk in your area, then make plans to mitigate against it.

Risk Management 52

Risk Management Business Continuity All-Hazards Management 52

Reciprocity

AUGUST 24, 2022

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. Cybersecurity incidents.

Management 52

Management Risk Management Cybersecurity Strategic 52

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 24, 2023

Its horizon is unusually broad in that the risk management professional has to identify and assess risks across so many fronts. These range from workplace violence to the weather to cyberattacks to supply chain disruptions caused by far-flung geopolitical events. Reducing risk. Transferring risk. Accepting risk.

Risk Management 90

Risk Management BCM Management All-Hazards 90