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

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

MHA Consulting

In today’s post, we’ll lay out what these domains are, reveal which ones tend to get overlooked, and explain how knowing about the domains can help business continuity professionals reduce their organizations’ risks and bolster their resilience. Exactly what those domains are will be detailed in a moment.

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Fire and Rain: Adapting to an Era of Global Instability 

MHA Consulting

Related on MHA Consulting: Global Turmoil Making You Ill? Our reliance on other countries for supplies and markets—and on lengthy, highly vulnerable global shipping routes—is too high. Geopolitical risk is arguably at the highest level it’s been in 50 years. Here’s what organizations can do to protect themselves.

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Global Turmoil Making You Ill? Try a Dose of Risk Management  

MHA Consulting

It’s enough to make an organization leader or business continuity professional feel unwell. It’s certainly on mine, not only in my role as a business continuity consultant but also as a business owner and CEO. Ongoing mitigation is necessary because if you don’t take action, you remain vulnerable.

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How Much Damage Do You Want to Incur From a Major Business Interruption?

Bernstein Crisis Management

Whether it’s an incident affecting a single location, or a pandemic sweeping the globe, business continuity is increasingly vulnerable to a wide variety of natural and man-made interruptions for which organizations must plan as carefully as they plan for launching any product or service. Jonathan Bernstein.

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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.

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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. I agree—and in today’s blog I’m going to build on Michael’s post by laying out some of the common vulnerabilities I often see in working with clients of ours.