MHA Consulting
MARCH 2, 2023
In deciding its risk tolerance level, management should analyze the cost to the organization of having its operations offline. An organization that can undergo an outage of five days at no great cost is justified in having a high risk tolerance. Where risk tolerance is high, controls can be relaxed.
MHA Consulting
APRIL 20, 2023
BC departments that “speak risk” tend to get more of a hearing, more traction, and more resources. Second, using the risk maturity model pays. Over time, we see risks go down, the number of outages decrease, and insurance and other costs decrease. I’ve seen it here at MHA and over and over again at our clients.
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MHA Consulting
APRIL 20, 2023
BC departments that “speak risk” tend to get more of a hearing, more traction, and more resources. Second, using the risk maturity model pays. Over time, we see risks go down, the number of outages decrease, and insurance and other costs decrease. I’ve seen it here at MHA and over and over again at our clients.
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.
Castellan
DECEMBER 1, 2021
A business continuity management process is the key to identifying which activities will reduce risk and eliminating the activities that are less beneficial. Identify likely causes of failure and protections against failure Some causes of failure are pervasive across every critical activity, such as natural disasters or power outages.
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