Acceptable Risk, Management and Mitigation - Continuity Professionals Pulse

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

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. This is all to the good.

Mitigation

Mitigation Authorization Risk Management Risk Reduction

Risk Management Process – Part 3c: Risk Control

Zerto

AUGUST 24, 2023

The third crucial step in risk assessment is risk control, which involves crafting effective strategies to mitigate the identified risks. There are four fundamental types of risk control: risk acceptance, risk mitigation, risk avoidance, and risk transfer.

Risk Management

Risk Management Management Acceptable Risk Mitigation

Risk Management as a Career: A Guide for BCM Professionals

MHA Consulting

AUGUST 24, 2023

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. It’s a permanent ongoing activity.

Risk Management

Risk Management BCM Management All-Hazards

These 8 Risk Domains Are the Meat and Potatoes of Risk Management

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. Risk management is not one-size-fits all.

Risk Management

Risk Management Management Strategic All-Hazards

Managing Enterprise Risk: Understanding the 8 Risk Domains

MHA Consulting

FEBRUARY 29, 2024

In enterprise risk management (ERM), risk is commonly divided into eight distinct risk domains, some strategic and some operational. Before we discuss the eight risk domains, there are three general points about risk management that are worth keeping in mind: 1. Following the risk assessment.

Management

Management Risk Management Mitigation Strategic

Business Continuity and Risk Management

BCP Builder

FEBRUARY 1, 2024

What is the relationship between Business Continuity and Risk Management? The relationship between Business Continuity and Risk Management depends on the organization. In most cases, Business Continuity is a sub-domain of Risk Management. It is a collection of good management practices linked together.

Risk Management

Risk Management Business Continuity All-Hazards Management

The Ultimate Guide to Residual Risk

MHA Consulting

MARCH 2, 2023

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. Residual risk is the amount of risk that remains in an activity after mitigation controls are applied.

Mitigation

Mitigation BCM Acceptable Risk Risk Management

Global Turmoil Making You Ill? Try a Dose of Risk Management

MHA Consulting

OCTOBER 19, 2022

In such times, the best thing an organization can do is get serious about risk management. Related on BCMMETRICS: The ABCs of ERM: The Rise of Enterprise Risk Management An Unstable Global Environment Not since the height of the Cold War has the global environment felt as shaky as it does now.

Risk Management

Risk Management Management Mitigation Business Continuity

At Risk of Distraction: The Seductive Appeal of RMIS Software

MHA Consulting

FEBRUARY 15, 2024

An emerging hot topic in business continuity and risk management is the software known as a risk management information system (RMIS). 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.

BCM

BCM Risk Management Mitigation Business Continuity

How to Offload Your Risk to a Third Party

MHA Consulting

FEBRUARY 9, 2023

Risk transference is one of the four main strategies organizations can use to mitigate risk. 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.

Insurance

Insurance Insurance Outsourcing Mitigation

5 Steps towards an Actionable Risk Appetite

LogisManager

JANUARY 12, 2023

Risk appetite is a higher-level statement that considers the broad levels of risk that management deems acceptable. A risk appetite statement sets a course of action, or goal, based on what the organization would like to achieve. Risk Appetite. Risk Tolerance. Risk Appetite.

Acceptable Risk

Acceptable Risk Strategic Activation Mitigation

The Best Risk Management Courses on Pluralsight to Consider Taking

Solutions Review

OCTOBER 13, 2021

The editors at Solutions Review have compiled this list of the best risk management courses on Pluralsight to consider taking. . Risk management is an essential skill in the data protection space. This list of the best risk management courses on Pluralsight below includes links to the modules and our take on each.

Risk Management

Risk Management Management Continuity Planning Business Continuity

Third-Party Due Diligence Best Practices

Reciprocity

OCTOBER 7, 2024

Before delving further into crucial subjects like compliance or the potential for bribery, risk assessors first acquire pertinent information or details about a potential vendor’s ownership, management, operations, and company structure. The participating organizations choose particular research fields before the procedure.

Cybersecurity

Cybersecurity Audit All-Hazards Risk Management

The Difference Between Strategic and Operational Risk

Reciprocity

AUGUST 17, 2022

Understanding these risks can improve business practices and decision-making, and allow risk managers to implement wise risk mitigation and management controls. This article addresses common questions about strategic and operational risk, such as: What are strategic risks and operational risks?

Strategic

Strategic Risk Management Mitigation Evaluation

Guide: Complete Guide to the NIST Cybersecurity Framework

Reciprocity

OCTOBER 9, 2024

For almost ten years, NIST has been at the forefront of developing comprehensive cybersecurity risk management frameworks. Its inception aimed at creating a unified set of standards, objectives, and terminologies to enhance information security and mitigate the consequences of cyberattacks. government contractors.

Cybersecurity

Cybersecurity Audit Risk Management Vulnerability

Guide: Complete Guide to the NIST Cybersecurity Framework

Reciprocity

OCTOBER 9, 2024

For almost ten years, NIST has been at the forefront of developing comprehensive cybersecurity risk management frameworks. Its inception aimed at creating a unified set of standards, objectives, and terminologies to enhance information security and mitigate the consequences of cyberattacks. government contractors.

Cybersecurity

Cybersecurity Audit Risk Management Vulnerability

SOC 2 vs ISO 27001: Key Differences Between the Standards

Reciprocity

SEPTEMBER 23, 2022

Designed by the International Standards Organization (ISO), ISO 27001 spells out industry standards for an information security management system (ISMS). The ISO 27001 statement of applicability focuses on preserving the confidentiality, integrity, and availability of information as part of the risk management process.

Audit

Audit Accreditation Acceptable Risk Security

Continuity Professionals Pulse

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

Risk Management Process – Part 3c: Risk Control

Trending Sources

Risk Management as a Career: A Guide for BCM Professionals

These 8 Risk Domains Are the Meat and Potatoes of Risk Management

Managing Enterprise Risk: Understanding the 8 Risk Domains

Business Continuity and Risk Management

The Ultimate Guide to Residual Risk

Global Turmoil Making You Ill? Try a Dose of Risk Management

At Risk of Distraction: The Seductive Appeal of RMIS Software

How to Offload Your Risk to a Third Party

5 Steps towards an Actionable Risk Appetite

The Best Risk Management Courses on Pluralsight to Consider Taking

Third-Party Due Diligence Best Practices

The Difference Between Strategic and Operational Risk

Guide: Complete Guide to the NIST Cybersecurity Framework

Guide: Complete Guide to the NIST Cybersecurity Framework

SOC 2 vs ISO 27001: Key Differences Between the Standards

Stay Connected