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Risk Management as a Career: A Guide for BCM Professionals

MHA Consulting

It’s not about eliminating risk completely but managing it in a rational, informed way. Because the organization and environment inevitably change over time, managing risk is a task that’s never done. It’s a permanent ongoing activity. The operational areas that risk management is concerned are broad and varied.

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The Ultimate Guide to Residual Risk  

MHA Consulting

Residual Risk There are two main kinds of risk when it comes to organizational activities and business continuity: inherent risk and residual risk. Inherent risk is the danger intrinsic to any business activity or operation. A related but higher level concept is that of risk mitigation strategies.

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Guide: Complete Guide to the NIST Cybersecurity Framework

Reciprocity

AT – Awareness and Training: Educating users and administrators about security risks and controls. Detect: Define the appropriate activities to identify the occurrence of a cybersecurity event. Recover: Identify activities to restore any capabilities or services impaired due to a cybersecurity incident.

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Guide: Complete Guide to the NIST Cybersecurity Framework

Reciprocity

AT – Awareness and Training: Educating users and administrators about security risks and controls. Detect: Define the appropriate activities to identify the occurrence of a cybersecurity event. Recover: Identify activities to restore any capabilities or services impaired due to a cybersecurity incident.

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The Difference Between Strategic and Operational Risk

Reciprocity

Risk monitoring and risk data reporting. Since operational risks are constant, varied, and increasingly complex, ORM is an ongoing activity. It is guided by four fundamental principles: Accept no unnecessary risk. Accept risk when benefits outweigh costs. What Is Strategic Risk?

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Important KPIs for Successful Vendor Management

Reciprocity

Before outsourcing your business processes or striking some other deal with vendors, you do need to assess the risks they pose. The six risks listed below are a good place to start. Begin by determining your organization’s tolerance for cybersecurity risk. Cybersecurity. Business Continuity.