MHA Consulting

AUGUST 24, 2023

Its horizon is unusually broad in that the risk management professional has to identify and assess risks across so many fronts. These range from workplace violence to the weather to cyberattacks to supply chain disruptions caused by far-flung geopolitical events. Reducing risk. Transferring risk. Accepting risk.

Risk Management 98

Risk Management BCM Management All-Hazards 98

MHA Consulting

FEBRUARY 15, 2024

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. RMIS supports the development and implementation of risk mitigation strategies to reduce the likelihood or impact of identified risks.

BCM 106

BCM Risk Management Mitigation Business Continuity 106

MHA Consulting

MARCH 2, 2023

Risk limitation. A strategy in which measures are taken to reduce risk, short of completely eliminating it. Incorporates a combination of the strategies of risk avoidance and risk acceptance. Risk transfer. Most organizations use some combination of all of these strategies to manage their risks.

Mitigation 95

Mitigation BCM Acceptable Risk Risk Management 95

MHA Consulting

FEBRUARY 9, 2023

. · Risk avoidance: Altering organizational behavior to eliminate a given risk. Risk limitation: Taking measures to reduce risk, short of completely eliminating it. Incorporates a combination of the strategies of risk avoidance and risk acceptance.

Insurance 98

Insurance Insurance Outsourcing Mitigation 98

MHA Consulting

FEBRUARY 23, 2023

Try a Dose of Risk Management As a business continuity professional, I tip my hat to any organization that makes a serious effort to reduce its risks. Unfortunately, many companies do not get their money’s worth when it comes to implementing risk mitigation controls.

Mitigation 97

Mitigation Authorization Risk Management Risk Reduction 97

MHA Consulting

OCTOBER 19, 2022

For the past few years the news has been a drumbeat of threatening events—and the beat seems to be growing louder. In such times, the best thing an organization can do is get serious about risk management. I included MHA’s definitions of the strategies last time in my post on enterprise risk management.

Risk Management 52

Risk Management Management Mitigation Acceptable Risk 52