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Those risk areas are: Human error Nature Supply chains Vendors Technology Data security Facility security Business processes/management For more details on these areas, check out “ Rinse and Repeat: Using the Risk Management Process to Manage Uncertainty ” and “ Everything You Always Wanted to Know About Managing Risk but Were Afraid to Ask.”
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. Key features of an RMIS typically include: Risk Identification. Risk Assessment. Incident Management.
As a practical activity, enterprise risk management (ERM) centers on eight distinct risk domains, some strategic and some operational. Sometimes the potential consequences of a given risk are too small to worry about.) When you get right down to it, everything we do in business continuity is about reducing risk.
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