Remove Consulting Remove Continuity Professionals Remove Mitigation Remove Outage
article thumbnail

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. Related on MHA Consulting: Global Turmoil Making You Ill?

article thumbnail

The Ultimate Guide to Residual Risk  

MHA Consulting

Reducing risk is at the heart of everything we do as business continuity professionals. 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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Reviewing the Five Types of Risk 

MHA Consulting

Related on MHA Consulting: The ABCs of ERM: The Rise of Enterprise Risk Management The government recently announced the official end of the COVID pandemic. The wise organization develops strategies and plans to mitigate and prepare for all five types of risk. In one respect, COVID continues to distort people’s approach to risk.

article thumbnail

Leading by (Bad) Example: Companies in the News Show What Not to Do 

MHA Consulting

Related on MHA Consulting: The Art of Explaining: MHA’s Best Crisis Communications Resources We business continuity professionals spend a lot of time telling our colleagues and clients about the negative impacts an organization can experience if it gives short shrift to the need to become resilient and plan for outages.

article thumbnail

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. A great place to get an overview of the whole BC field, from Program Administration to Exercises to Risk Management and Mitigation.

BCM 92
article thumbnail

Why Every BC Professional Should Become a Gap Hunter

MHA Consulting

Business continuity professionals who want to make their organizations more resilient should make a conscious effort to become gap hunters. Doing this work is one of the most productive activities a BC professional can undertake. This can be crippling during an outage. Unrealistic tests. Inadequate training.

article thumbnail

Thoughts On The Coming New Year

Plan B Consulting

I felt the first bulletin of this year should look forward to what I see are the issues for business continuity professionals over the next year. Cyber attacks will continue unabated but perhaps aimed at less well-known organisations. Power outages. So, what do we have to look forward to (or not)?