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 Cybersecurity 52

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

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 84

Risk Management Management Acceptable Risk Mitigation 84

MHA Consulting

AUGUST 3, 2023

As a practical activity, enterprise risk management (ERM) centers on eight distinct risk domains, some strategic and some operational. Sometimes the potential consequences of a given risk are too small to worry about.) For more on those strategies, click here and here.)

Risk Management 72

Risk Management Management Mitigation Strategic 72

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 81

BCM Risk Management Mitigation Business Continuity 81

MHA Consulting

AUGUST 24, 2023

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.”

Risk Management 87

Risk Management BCM Management All-Hazards 87

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.

Management 52

Management Risk Management Cybersecurity Strategic 52