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Risk Management Process- Part 1: Overview

Zerto

Risk management describes how a business identifies, analyzes, and responds to threats and risk factors that impact its profitability, viability, and strategic goals. We will discuss risk management, the critical importance of business impact analysis (BIA) , and the essential steps involved in a thorough risk assessment.

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The Importance of Resilience: Navigating the Ever-Evolving Landscape

Fusion Risk Management

The World Economic Forum ’s Global Risks Report 2024 cites that the top risks are cybercrime, the adverse outcomes of artificial intelligence (AI), and extreme weather events. By doing so, organizations will not only respond effectively to immediate challenges but also gain a strategic edge in the long term.

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Comparing Resilience: Business, Operational, IT, and Cyber – Part Two

Zerto

It’s just a matter of time, but every business will experience events that will threaten its operations. Operational resilience protects your organization’s ability to produce and deliver its goods and services, in turn mitigating the impact on your customers and your reputation. Why Is Operational Resilience Important?

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Business Continuity and Risk Management

BCP Builder

As an example, tropical cyclones are not instant events – they can be prepared for, as can wildfires. Business Continuity Management Business Continuity Management is a tool that reacts when there is a business disruption, while Enterprise Risk Management is a strategic tool used by management to accomplish its business objectives.

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Risk Assessment – Is it worth the time and effort?

Stratogrid Advisory

Outside of BCP, Risk Assessment can also enhance your organization’s strategic decision-making abilities. The end goal is to enable the organization to determine the most effective use of its resources to reduce these potential impacts. Should you spend time and effort to complete this activity?

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Risk Assessment – Is it worth the time and effort?

Stratogrid Advisory

Outside of BCP, Risk Assessment can also enhance your organization’s strategic decision-making abilities. The end goal is to enable the organization to determine the most effective use of its resources to reduce these potential impacts. Should you spend time and effort to complete this activity? Business Impact Analysis.

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What Does a Business Continuity Plan Typically Include? [Complete Guide]

LogisManager

It’s important to actively invest time and energy into preparing for any potential risk before a potential event of a disaster so that if or when it does, your BCP directs you to the necessary resources to return to business as usual. Be sure to implement strategic mitigations as part of your business impact analysis.