MHA Consulting

FEBRUARY 23, 2023

Many companies spend millions of dollars implementing risk mitigation controls but are kept from getting their money’s worth by a disconnected, piecemeal approach. Successful risk mitigation requires that a central authority supervise controls following a coherent strategy. These measures sound impressive.

Mitigation 83

Mitigation Authorization Risk Management Vulnerability 83

MHA Consulting

MARCH 2, 2023

Inherent risk is the danger intrinsic to any business activity or operation. Residual risk is the amount of risk that remains in an activity after mitigation controls are applied. Putting it in mathematical terms: (Inherent risk) – (the risk eliminated by your mitigation controls) = residual risk.

Mitigation 75

Mitigation BCM Acceptable Risk Risk Management 75

National Fire Protection Association

SEPTEMBER 9, 2022

Recent heavy rainfall in Rhode Island, Georgia, and Indiana caused deadly flash floods and thousands of power outages. Requirements for emergency and backup power supplies as well as consideration of other logistical needs for long-duration events are an important part of the rule.

Hazard 77

Hazard Emergency Planning Risk Reduction Pandemic 77

Erwood Group

JANUARY 28, 2024

Local disruptions, such as power outages or supply chain issues, can have a significant impact, emphasizing the need for preparedness at every level. Business continuity is an investment in risk reduction and organizational resilience. Myth 14: Business Continuity is a Luxury for Profitable Organizations Only.

Business Continuity 52

Business Continuity Disaster Recovery Continuity Planning Crisis Management 52