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Getting Started with Enterprise Risk Management

MHA Consulting

In today’s post, we’ll take a look at how organizations can get started using Enterprise Risk Management (ERM) to reduce their exposure and improve their resilience. Risk can never be completely removed, but it can be mitigated. ERM is all about reducing. It all comes down to details.

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5 Steps to Implement Enterprise Risk Management (ERM)

Reciprocity

Enterprise risk management (ERM) is critical for success in the modern business landscape. Your ERM program should encompass all aspects of risk management and response in all business processes, including cybersecurity, finance, human resources, risk management audit , privacy, compliance, and natural disasters.

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5 Steps to Implement Enterprise Risk Management (ERM)

Reciprocity

Enterprise risk management is critical for business success. The fundamental components of ERM are evaluating significant risks and applying adequate responses. Factor analysis of information risk (FAIR) provides a common risk mitigation vocabulary to help you to address security practice weaknesses.

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Scenario-specific Crisis Level Plans

Plan B Consulting

Here, I argued that business continuity plans should consist of two components, a generic element that looks at how an incident will be managed, and a scenario-specific element that focuses on your organisations’ response to a specific event. A major fire affecting your only manufacturing site.

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Scenario-specific Crisis Level Plans

Plan B Consulting

Here, I argued that business continuity plans should consist of two components, a generic element that looks at how an incident will be managed, and a scenario-specific element that focuses on your organisations’ response to a specific event. A major fire affecting your only manufacturing site.

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Scenario-specific Crisis Level Plans

Plan B Consulting

Here, I argued that business continuity plans should consist of two components, a generic element that looks at how an incident will be managed, and a scenario-specific element that focuses on your organisations’ response to a specific event. A major fire affecting your only manufacturing site.

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State of the Nation - a UK Perspective on Covid-19

Emergency Planning

Since the start of the crisis, I have constantly affirmed that the key to understanding the effects of this pandemic is the UK Government's failure to give adequate weight to emergency planning and management (Alexander 2020a, 2020b). Emergency management is still languishing in the doldrums in the United Kingdom.