MHA Consulting

MARCH 2, 2023

Inherent risk is the danger intrinsic to any business activity or operation. 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.

Mitigation 75

Mitigation BCM Acceptable Risk Risk Management 75

MHA Consulting

APRIL 20, 2023

In today’s post, we’ll look at how such a model can help an organization understand its risks, mitigate the risks that threaten its core services, and integrate business continuity with enterprise risk management, thus boosting resilience overall. Second, using the risk maturity model pays.

Resilience 52

Resilience Risk Management Mitigation BCM 52

MHA Consulting

APRIL 20, 2023

In today’s post, we’ll look at how such a model can help an organization understand its risks, mitigate the risks that threaten its core services, and integrate business continuity with enterprise risk management, thus boosting resilience overall. Second, using the risk maturity model pays.

Resilience 52

Resilience Risk Management Mitigation BCM 52

Erwood Group

JANUARY 28, 2024

Another is through gaining insurance coverage without increasing the premium from the provider. Local disruptions, such as power outages or supply chain issues, can have a significant impact, emphasizing the need for preparedness at every level. Business continuity is an investment in risk reduction and organizational resilience.

Business Continuity 52

Business Continuity Disaster Recovery Continuity Planning Crisis Management 52