MHA Consulting

FEBRUARY 23, 2023

Many companies spend millions of dollars implementing risk mitigation controls but are kept from getting their money’s worth by a disconnected, piecemeal approach. Successful risk mitigation requires that a central authority supervise controls following a coherent strategy. I wish it were true.

Mitigation 97

Mitigation Authorization Risk Management Risk Reduction 97

MHA Consulting

AUGUST 3, 2023

As a practical activity, enterprise risk management (ERM) centers on eight distinct risk domains, some strategic and some operational. With respect to this process, the total landscape of risk that is assessed and mitigated can be divided into eight risk domains. For more on those strategies, click here and here.)

Risk Management 95

Risk Management Management Strategic All-Hazards 95

MHA Consulting

MARCH 2, 2023

Reducing risk is at the heart of everything we do as business continuity professionals. This week’s blog post will spell out the key concepts relating to this all-important goal; call it “The Ultimate Guide to Residual Risk.” Inherent risk is the danger intrinsic to any business activity or operation.

Mitigation 95

Mitigation BCM Acceptable Risk Risk Management 95

MHA Consulting

OCTOBER 19, 2022

It’s enough to make an organization leader or business continuity professional feel unwell. I included MHA’s definitions of the strategies last time in my post on enterprise risk management. If you inform yourself about the risks inherent in various courses of actions, and take steps to mitigate them, you can still maneuver.

Risk Management 52

Risk Management Management Mitigation Business Continuity 52

MHA Consulting

FEBRUARY 29, 2024

Following the risk assessment. the organization should address each identified risk with one of the four risk mitigation strategies: risk acceptance, risk avoidance, risk limitation, or risk transfer. Identified risks should not just be ignored with the hope the impact will not occur.

Management 52

Management Risk Management Mitigation Strategic 52