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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.

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The Ultimate Guide to Residual Risk  

MHA Consulting

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.

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How a Risk Maturity Model Can Increase Your Company’s Resilience

MHA Consulting

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.

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How a Risk Maturity Model Can Increase Your Company’s Resilience

MHA Consulting

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.

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September is National Preparedness Month: Is Your Community Ready to Respond to a Severe Weather Event or Emergency?

National Fire Protection Association

Recent heavy rainfall in Rhode Island, Georgia, and Indiana caused deadly flash floods and thousands of power outages. For the public: A fact sheet and related information provide residents and businesses with easy wildfire risk reduction steps they can do around their homes and buildings to make them safer from wildfire and blowing embers.

Hazard 77
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Unlocking the Truth: Navigating 20 Myths About Business Continuity

Erwood Group

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. Myth 14: Business Continuity is a Luxury for Profitable Organizations Only.