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How to Offload Your Risk to a Third Party

MHA Consulting

Risk transference is one of the four main strategies organizations can use to mitigate risk. There are four main strategies for mitigating risk : ยท Risk acceptance: Making a conscious decision to remain vulnerable to a potential harm, usually based on a cost-benefit analysis. 2) Is the vendor resilient?

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Navigating the Supply Chain Crisis

Risk Management Monitor

Extraordinary congestion at critical global ports, decreased availability of key raw materials and component parts, rising freight bills and an increasingly tight job market have all contributed to the need for companies to create an effective logistics risk management program. How Did We Get Here?

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SIA New Member Profile: TAM-C Solutions

Security Industry Association

Today, continuous growth of our operational footprint is a logistical priority for us as we strive to identify the optimal locations for our new operation centers. Nonetheless, our preeminent distinguishing factor is the active priority of intelligence requirements (PIR) methodology that sets us apart from our competitors.

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Securing Mass Gathering Events: A Simple Design Framework That Considers the Air Domain

Security Industry Association

Look no further than Astroworld or the July 4, 2022, shooting in Highland Park, Illinois , to exemplify the clear need for active planning beyond the mere logistics of taking an event from idea to reality. Where people gather and the energy and excitement rise, it is always possible for accidents or deliberate acts to occur.

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Common Misconceptions about Disaster

Emergency Planning

Whereas it is not possible to stop earthquakes, it is possible to construct anti-seismic buildings and to organize human activities in such a way as to minimize the risk of death. Activism is much more common than fatalism (this is the so-called "therapeutic community"). Reality: Survivors rapidly get to work on the clear-up.

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COVID-19 โ€“ A massive failure of risk management?

Plan B Consulting

If risk management has any purpose, it is to identify the most severe and likely risk to an organisation and then something can be done to mitigate the risk. Most organisations who have incident management in place, have a criterion for activating their plan. The pulling of โ€˜Little Britainโ€™ off Britbox is an example of this.

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COVID-19 โ€“ A massive failure of risk management?

Plan B Consulting

If risk management has any purpose, it is to identify the most severe and likely risk to an organisation and then something can be done to mitigate the risk. Most organisations who have incident management in place, have a criterion for activating their plan. The pulling of โ€˜Little Britainโ€™ off Britbox is an example of this.