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Risk Management as a Career: A Guide for BCM Professionals

MHA Consulting

Related on MHA Consulting: What’s Ahead in the World of Enterprise Risk Management Defining Risk Management Our current environment of rising global uncertainty is leading many organizations to increase the resources they devote to risk management. The operational areas that risk management is concerned are broad and varied.

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Third-Party Due Diligence Best Practices

Reciprocity

For instance, if a company wants to outsource work or hire a new supplier or vendor, it will do third-party due diligence to determine any risks or possible issues with this new partnership. Making a list of all prospective third parties and assessing their risk is the first step in the third-party due diligence procedure.