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Who’s the Boss? Successful Risk Mitigation Requires Centralized Leadership

MHA Consulting

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.

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The Ultimate Guide to Residual Risk  

MHA Consulting

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.

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Canada's costliest catastrophe is flooding. Is your business prepared?

CCEM Strategies

So, what can you do to help mitigate the effects of flooding? By understanding the risks, you can better prepare your business. Consider relocating equipment above the flood line and have a cloud-based backup. What resides in the basement, or if you’re a ground-level business, the first metre from the floor? Your

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September is National Preparedness Month: Is Your Community Ready to Respond to a Severe Weather Event or Emergency?

National Fire Protection Association

Ready, a national public service campaign, has earmarked September as National Preparedness Month and urges those of us tasked with protecting people and property from fire, electrical, and related hazards, to work together, help educate, and empower the public to prepare for, respond to, and mitigate emergencies before they become tragedies.

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September is National Preparedness Month: Is Your Community Ready to Respond to a Severe Weather Event or Emergency?

National Fire Protection Association

Ready, a national public service campaign, has earmarked September as National Preparedness Month and urges those of us tasked with protecting people and property from fire, electrical, and related hazards, to work together, help educate, and empower the public to prepare for, respond to, and mitigate emergencies before they become tragedies.

Hazard 77
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Unlocking the Truth: Navigating 20 Myths About Business Continuity

Erwood Group

In one case, just as a measure of preservation alone, I was able to help one retailer set up an offsite backup for their critical payment systems, assuring that they would be able to continue to operate stores and collect credit and check payments for customers as long as the store was open and operational.