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Who’s the Boss? Successful Risk Mitigation Requires Centralized Leadership

MHA Consulting

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. This is all to the good.

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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. For more on those strategies, click here and here.)

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Managing Enterprise Risk: Understanding the 8 Risk Domains

MHA Consulting

In essence, risk management is about being mature, practical, and proactive in actively managing down risk to make the organization more prepared to limit impacts and ensure operational resiliency. Following the risk assessment. Identified risks should not just be ignored with the hope the impact will not occur.