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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. Transferring risk. Acceptingrisk.
An RMIS can help an organization identify, assess, monitor, and mitigate risks, but often they merely seduce and distract companies that are not in a position to make proper use of them. For those for whom this is a new acronym, RMIS stands for risk management information system. Incident Management.
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Risk transference is one of the four main strategies organizations can use to mitigate risk. Related on MHA Consulting: Global Turmoil Making You Ill? Try a Dose of Risk Management Wise organizations determine how much risk they will accept then make conscious efforts to bring their risk down below that threshold. .
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These days risk is at the forefront of everybody’s mind. It’s certainly on mine, not only in my role as a business continuity consultant but also as a business owner and CEO. I included MHA’s definitions of the strategies last time in my post on enterprise risk management. There’s one factor in all this that’s brand new.
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