MHA Consulting

AUGUST 24, 2023

As a reminder, risk management is the process of understanding the hazards facing an organization and taking steps to bring them to within a level determined to be acceptable by the senior leadership. It’s not about eliminating risk completely but managing it in a rational, informed way. Reducing risk. Transferring risk. Accepting risk.

Risk Management 90

Risk Management BCM Management All-Hazards 90

Zerto

APRIL 6, 2023

Risk management describes how a business identifies, analyzes, and responds to threats and risk factors that impact its profitability, viability, and strategic goals. Step 3: Achieve Strategic Alignment, from Risk Appetite to Risk Prioritization The more impactful a risk is, the higher its priority.

Risk Management 96

Risk Management Management Disaster Recovery Impact Analysis 96

Reciprocity

AUGUST 18, 2022

The result should be better, more strategic decision-making. ERM is the process of methodically identifying and dealing with any potential events that could threaten the achievement of strategic objectives or competitive advantage opportunities. Passing or sharing the risk via insurance, joint venture, or another arrangement.

Risk Management 52

Risk Management Management Mitigation Strategic 52

Reciprocity

MARCH 28, 2022

Your enterprise risk management (ERM) program – one that encompasses all aspects of risk management and risk response in all business processes, including cybersecurity, finance, human resources, risk management audit , privacy, compliance, and natural disasters – should involve strategic, high-level risk management decision-making.

Risk Management 52

Risk Management Management Mitigation Strategic 52

Reciprocity

AUGUST 24, 2022

Not long ago, risk managers concerned themselves mainly with hazards such as fires and floods; or in the financial sector, loan defaults (credit risk). Organizations typically bought insurance to avoid the losses these risks could cause, thus “transferring” the risk to the insurance company. IRM: A Short History.

Risk Management 52

Risk Management Audit Insurance Insurance 52

Reciprocity

DECEMBER 19, 2022

More broadly, a corporate compliance program reinforces a company’s commitment to mitigating fraud and misconduct at a sophisticated level, aligning those efforts with the company’s strategic, operational, and financial goals. You must assess the efficacy of your company’s compliance program and identify potential hazards.

Audit 52

Audit All-Hazards Gap Analysis Healthcare 52

BCP Builder

APRIL 20, 2020

An impacts-oriented all-hazards approach will be worthwhile planning going forward (as it has been in the past). I think that Business Continuity Certification will be made mandatory by Insurance Companies and Banks. An architecture revamp could throw information and cyber security privacy into a bind.

BCP 52

BCP Continuity Planning Business Continuity Pandemic 52