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Risk Management as a Career: A Guide for BCM Professionals

MHA Consulting

For those with a suitable temperament and skill set, a career in risk management can be rewarding due to the field’s broad scope, consequential nature, and rising prominence. In this week’s post, we’ll look at what a risk manager does and the skills it takes to excel in this role. It’s a permanent ongoing activity.

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Why BCM and ERM Should Be BFFs 

MHA Consulting

Sometimes questions arise about the relationship between the business continuity management (BCM) team and the enterprise risk management (ERM) department. The fact is, both units—as well as the organization—benefit when BCM and ERM are BFFs (or best friends forever, as the kids say).

BCM 88
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BCM Basics: Business Continuity vs. Business Resilience 

MHA Consulting

This post is part of BCM Basics, a series of occasional, entry-level blogs on some of the key concepts in business continuity management. Other components include risk management, crisis management, operational resilience, supply chain resilience, and financial resilience, among others.

BCM 95
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These 8 Risk Domains Are the Meat and Potatoes of Risk Management 

MHA Consulting

As a practical activity, enterprise risk management (ERM) centers on eight distinct risk domains, some strategic and some operational. With respect to this process, the total landscape of risk that is assessed and mitigated can be divided into eight risk domains. Risk management is not one-size-fits all.

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Top 10 Resources to Help You Become a BCM Ninja 

MHA Consulting

In today’s post we’ll look at the top 10 free or almost free resources business continuity management professionals can utilize to help them raise their BCM skills and effectiveness to ninja level. However, there is one aspect of doing BCM that is much better and easier than it was when I was getting started 25 years ago.

BCM 92
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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. I wish it were true.

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At Risk of Distraction: The Seductive Appeal of RMIS Software

MHA Consulting

An emerging hot topic in business continuity and risk management is the software known as a risk management information system (RMIS). An RMIS can help an organization identify, assess, monitor, and mitigate risks, but often they merely seduce and distract companies that are not in a position to make proper use of them.

BCM 84