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Reducing risk is at the heart of everything we do as businesscontinuity 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.
Reduce the Risk : a frequent, potentially damaging event is a target for riskreduction measures. The procedures should be re-engineered or carefully monitored to reduce risk. An example is the development of procedures to reduce operator error.
Reduce the Risk : a frequent, potentially damaging event is a target for riskreduction measures. The procedures should be re-engineered or carefully monitored to reduce risk. An example is the development of procedures to reduce operator error.
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