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 97

Mitigation Authorization Risk Management Risk Reduction 97

MHA Consulting

AUGUST 24, 2023

They include process and procedural robustness and integrity; people, skills, and training; insurance and self-insurance; the supply chain, outsourcing, and inherent risk; infrastructure, systems, and telecommunications; and physical and information security. Knowledge of how to mitigate risks. Accepting risk.

Risk Management 98

Risk Management BCM Management All-Hazards 98

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 98

Insurance Insurance Outsourcing Mitigation 98

Zerto

AUGUST 24, 2023

In our last post, we examined the risk analysis step of risk assessment. The third crucial step in risk assessment is risk control, which involves crafting effective strategies to mitigate the identified risks. Loss Prevention— This approach accepts the potential risk but aims to prevent its impact.

Risk Management 83

Risk Management Management Acceptable Risk Mitigation 83

MHA Consulting

AUGUST 3, 2023

With respect to this process, the total landscape of risk that is assessed and mitigated can be divided into eight risk domains. 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.)

Risk Management 95

Risk Management Management Strategic All-Hazards 95

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

BCP Builder

FEBRUARY 1, 2024

However, some Business Continuity Plans may contain lower level risks that are important to the department but not significant to the organization as a whole Risk Management is focused on the mitigation of issues and Business Continuity is more concerned about a worst case scenario action plan.

Risk Management 52

Risk Management Business Continuity All-Hazards Management 52