article thumbnail

The Importance of Risk Analytics

LogisManager

Risk assessment involves identifying, evaluating, and prioritizing potential risks, while management is the proactive handling of these risks. This strategic approach acts as a safeguard, reducing unexpected delays and ensuring the smooth progression of project processes.

article thumbnail

Risk Management Process- Part 1: Overview

Zerto

Risk management describes how a business identifies, analyzes, and responds to threats and risk factors that impact its profitability, viability, and strategic goals. We will discuss risk management, the critical importance of business impact analysis (BIA) , and the essential steps involved in a thorough risk assessment.

Insiders

Sign Up for our Newsletter

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

article thumbnail

The Importance of Risk Analytics

LogisManager

Risk assessment involves identifying, evaluating, and prioritizing potential risks, while management is the proactive handling of these risks. This strategic approach acts as a safeguard, reducing unexpected delays and ensuring the smooth progression of project processes.

article thumbnail

Not another BCM Program audit?

Stratogrid Advisory

These types of assessments can be used to evaluate an entire organization (management consulting), or any specific system (IT audit), process or project. The second phase of an audit must include an analysis of the information as well as a gap assessment against pre-determined criteria (e.g.

Audit 52
article thumbnail

Not another BCM Program audit?

Stratogrid Advisory

These types of assessments can be used to evaluate an entire organization (management consulting), or any specific system (IT audit), process or project. The second phase of an audit must include an analysis of the information as well as a gap assessment against pre-determined criteria (e.g. BCM Program Audits.

Audit 52
article thumbnail

Risk Management Process- Part 3a: Risk Assessment and Risk Identification

Zerto

In the previous post of this risk management series, we covered the business impact analysis (BIA) , which is a crucial step in understanding the impact of potential disruptions to critical business processes. For example, risks can be classified as financial, operational, strategic, reputational, or legal.

article thumbnail

Business Continuity and Risk Management

BCP Builder

Business Continuity Management Business Continuity Management is a tool that reacts when there is a business disruption, while Enterprise Risk Management is a strategic tool used by management to accomplish its business objectives. When you are evaluating the internal and external issues (Clause 4.1