article thumbnail

Risk Management Process – Part 3c: Risk Control

Zerto

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.

article thumbnail

How Generational Diversity and Racial Equity are Getting Companies Future-Ready

Business Resilience Decoded

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Generational Diversity and Racial Equity are Getting Companies Future-Ready

Business Resilience Decoded

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. Resources Mentioned: Take our podcast listener survey: [link]. Connect with the podcast!

article thumbnail

How Generational Diversity and Racial Equity are Getting Companies Future-Ready

Business Resilience Decoded

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. Resources Mentioned: Take our podcast listener survey: [link]. Connect with the podcast!

article thumbnail

The Ultimate Guide to Residual Risk  

MHA Consulting

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.

article thumbnail

At Risk of Distraction: The Seductive Appeal of RMIS Software

MHA Consulting

RMIS supports the development and implementation of risk mitigation strategies to reduce the likelihood or impact of identified risks. This may involve implementing controls, transferring risks through insurance, or accepting risks within predefined tolerances. Incident Management.

BCM 84
article thumbnail

How to Offload Your Risk to a Third Party

MHA Consulting

. · Risk avoidance: Altering organizational behavior to eliminate a given risk. Risk limitation: Taking measures to reduce risk, short of completely eliminating it. Incorporates a combination of the strategies of risk avoidance and risk acceptance. 2) Is the vendor resilient?