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Risk Management as a Career: A Guide for BCM Professionals

MHA Consulting

For those with a suitable temperament and skill set, a career in risk management can be rewarding due to the field’s broad scope, consequential nature, and rising prominence. In this week’s post, we’ll look at what a risk manager does and the skills it takes to excel in this role. It’s a permanent ongoing activity.

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These 8 Risk Domains Are the Meat and Potatoes of Risk Management 

MHA Consulting

As a practical activity, enterprise risk management (ERM) centers on eight distinct risk domains, some strategic and some operational. Second, we do not assess the risks to an organization with the expectation that every risk identified can or should be eliminated. Risk management is not one-size-fits all.

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Business Continuity and Risk Management

BCP Builder

What is the relationship between Business Continuity and Risk Management? The relationship between Business Continuity and Risk Management depends on the organization. In most cases, Business Continuity is a sub-domain of Risk Management. It is a collection of good management practices linked together.

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Anti-Patterns vs. Patterns: What Is the Difference?

BMC

We all know what patterns generally are in common language, but to understand their importance in software engineering it’s important to first discuss algorithms. I look code up on the internet all the time. All patterns and anti-patterns have valid exceptions. What are design patterns? I don’t do riddles.”

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Managing Enterprise Risk: Understanding the 8 Risk Domains

MHA Consulting

In enterprise risk management (ERM), risk is commonly divided into eight distinct risk domains, some strategic and some operational. Before we discuss the eight risk domains, there are three general points about risk management that are worth keeping in mind: 1. Following the risk assessment.

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Third-Party Due Diligence Best Practices

Reciprocity

Making a list of all prospective third parties and assessing their risk is the first step in the third-party due diligence procedure. Depending on the situation, the geographical areas a corporation operates in, the third party’s business relationships, and other factors may all be significant.

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Anti-Patterns vs. Patterns: What Is the Difference?

BMC

We all know what patterns generally are in common language, but to understand their importance in software engineering it’s important to first discuss algorithms. I look code up on the internet all the time. All patterns and anti-patterns have valid exceptions. What are design patterns? I don’t do riddles.”