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The Ultimate Guide to Residual Risk  

MHA Consulting

If the number is equal to or higher than the risk factor-tolerance number, you are well within tolerance range and your business recovery plan is on the mark. If it is lower, then your plan is insufficient and you should take further action to strengthen your business recovery plan.

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Risk impact

MHA Consulting

Manage the Risk : for frequently occurring, low-impact risks the most sensible strategy is to monitor and seek to reduce the risk. Reduce the Risk : a frequent, potentially damaging event is a target for risk reduction measures. The procedures should be re-engineered or carefully monitored to reduce risk.

article thumbnail

Risk impact

MHA Consulting

Manage the Risk : for frequently occurring, low-impact risks the most sensible strategy is to monitor and seek to reduce the risk. Reduce the Risk : a frequent, potentially damaging event is a target for risk reduction measures. The procedures should be re-engineered or carefully monitored to reduce risk.