article thumbnail

What Is Risk Management?

LogisManager

What Is Risk Management? The world will always be filled with uncertainty and with uncertainty inevitably comes risk. Risk management, in its simplest form, is assessing the possibility of something bad happening; i.e. “If I take this action, will it result negatively?”. What Is Risk Management?

article thumbnail

The Importance of Risk Analytics

LogisManager

Risk assessment involves identifying, evaluating, and prioritizing potential risks, while management is the proactive handling of these risks. Companies that prioritize risk management experience successful project completion and heightened productivity.

Insiders

Sign Up for our Newsletter

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

article thumbnail

The Importance of Risk Analytics

LogisManager

Risk assessment involves identifying, evaluating, and prioritizing potential risks, while management is the proactive handling of these risks. Companies that prioritize risk management experience successful project completion and heightened productivity.

article thumbnail

Risk-Based Approach

LogisManager

LOGICMANAGER’S Risk-Based Approach Taking a risk-based approach to running a business means preparing for tomorrow’s surprises today – within all areas of your organization. LogicManager is an enterprise risk management (ERM) platform, which means we help you do just that. LEARN MORE Assess. LEARN MORE Report.

Audit 52
article thumbnail

If Cyber is Material, Then Boards are Accountable

FS-ISAC

The rapid digitization in financial services as well as the new ways of working spawned by the pandemic have created new risks that either did not exist or were not material before. Second, regulators are increasingly indicating that ultimate accountability for cyber risk management rests with the board.

article thumbnail

Important KPIs for Successful Vendor Management

Reciprocity

Every risk management program should include risks posed by your vendors. Beware, however: vendor risk management is a complex process unto itself, requiring ongoing monitoring and measurement. What Are Vendor Risk Management Metrics? What Are the Most Common Vendor Risks? Staff training.

article thumbnail

Adversarial Risk Management

FS-ISAC

You can hire a professional audit firm to benchmark the bucket against peer buckets. As Board Directors and corporate executives around the world grapple with increasing cyber risk, we’ve historically focused on "bottom-up" cyber strategies based on compliance frameworks. Or you could fill it with water.