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Each year, the DRI International Awards of Excellence program honors the leaders and innovators in the fields of continuity management, technology recovery, and crisis and riskmanagement. Were pleased to announce this year’s finalists!
One of the best tools for assessing and reducing risk is a riskmanagement matrix. Today’s blog provides an example of such a matrix and explains how and why to … The post Enter the Matrix: Why You Should Employ a RiskManagement Matrix appeared first on MHA Consulting.
For those with a suitable temperament and skill set, a career in riskmanagement 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 riskmanager does and the skills it takes to excel in this role. It’s a permanent ongoing activity.
Many service providers tune out talk about supply chain riskmanagement since they think the issue only affects manufacturers and retailers. In fact, service providers are also vulnerable to vendor … The post What Service Providers Need to Know About Supply Chain RiskManagement appeared first on MHA Consulting.
New Security Industry Association (SIA) member Pinnacle Consulting & Advisors offers security and safety consulting, riskmanagement and efficiency services. SIA spoke with Joel Kisner, CEO of Pinnacle Consulting & Advisors, about the company, the security industry and working with SIA.
Resiliency consultants can help them develop the toughness required to thrive. . Related… The post Resiliency Consulting: Helping Companies Get In Peak Condition appeared first on MHA Consulting. In today’s world, businesses face not only stiff competition from rivals but also a uniquely tumultuous global environment.
Riskmanagement describes how a business identifies, analyzes, and responds to threats and risk factors that impact its profitability, viability, and strategic goals. Riskmanagement attempts to control future threats by planning preemptively and deploying effective risk-control measures.
As a practical activity, enterprise riskmanagement (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. Riskmanagement is not one-size-fits all.
New Security Industry Association (SIA) member Credo Cyber Consulting LLC specializes in cyber and physical security consulting and training, helping organizations build comprehensive security programs rooted in their business objectives. Antoinette King, founder, Credo Cyber Consulting. Tell us the story of your company.
Teams with mature supply chain riskmanagement strategies adapted to disruption and continued to delight customers. Here are four ways to build a cohesive riskmanagement strategy that you can use to proactively prevent and mitigate risks across the supply chain. No supply chain is without risk.
Our current environment of rising global uncertainty is spurring organizations’ interest in business continuity and operational riskmanagement. As a result, the position of operational riskconsultant appears likely to become one of the “cool jobs” of the future.
Silicon Valley Bank (SVB) Failures in RiskManagement: Why ERM vs GRC By Steven Minsky | May 5, 2023 Silicon Valley Bank (SVB) was closed by regulators and reminded us of the recession associated with Lehman Brothers and Washington Mutual Bank in 2008. However, the evidence was inconclusive so their strategy continued unchanged.
Our head of GRC (governance, risk and compliance) consultancy, Damian Garcia, explains. Risk only ceases to exist when you shut the doors. If we know that security incidents are a matter of when, not if, how should organisations approach riskmanagement? Youll still need to accept the risk exists.
What is Operational RiskManagement (ORM)? Operational risk is a component of every organization that reflects the unavoidable fact that assets, processes and people can fail. Examples of these risks are more common than you may believe. What is the Scope of Operational RiskManagement?
With increasing regulatory pressures and a need for operational agility, your role as a riskmanager becomes more complex and essential. For riskmanagers, BPA offers a structured approach to identifying , managing, and mitigating risks that is both scalable and efficient.
The storm marks another overactive hurricane season officially underway in the United States, prompting business leaders and property owners to ensure they are adequately prepared from an insurance and riskmanagement perspective. Some key recommendations to consider before and after any hurricane include: Preventative Measures.
In today’s post, we’ll take a look at how organizations can get started using Enterprise RiskManagement (ERM) to reduce their exposure and improve their resilience. As such, it would be hard for me to overstate the relief I experienced a few years ago when I got serious about applying ERM methodology to the risks faced by MHA.
This standard offers a blueprint to enhance resilience, optimize riskmanagement, and refine strategic planning. It also complements and works in tandem with other standards that focus on riskmanagement, business continuity management, and crisis management, like ISO 31000, ISO 22301, and ISO 22361.
The Client : The client is a leading financial riskmanagement organization to the major banking and financial institutions across the United States. The organization is highly regulated and must meet stringent Business Continuity Planning (BCP) guidelines for financial institutions as well as those of its customers.
In today’s podcast I have a conversation with Gordon Graham a nationally and internationally known speaker on the topic of risk and riskmanagement. In today’s podcast I have a conversation with Gordon Graham a nationally and internationally known speaker on the topic of risk and riskmanagement.
What is Operational RiskManagement (ORM)? Operational risk is a component of every organization that reflects the unavoidable fact that assets, processes and people can fail. Examples of these risks are more common than you may believe. What is the Scope of Operational RiskManagement?
In such times, the best thing an organization can do is get serious about riskmanagement. Related on BCMMETRICS: The ABCs of ERM: The Rise of Enterprise RiskManagement An Unstable Global Environment Not since the height of the Cold War has the global environment felt as shaky as it does now.
An emerging hot topic in business continuity and riskmanagement is the software known as a riskmanagement 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.
Staying ahead of it all requires thorough riskmanagement. Yet when it comes to both existing and burgeoning risk, the majority of organizations are not adequately informed, let alone prepared. On top of that, respondents indicated they expect a 122 percent increase in optimized riskmanagement strategies in the next 18 months.
Vendor riskmanagement (VRM), a part of vendor management, is the process of identifying, analyzing, monitoring, and mitigating the risks that third-party vendors might pose to your organization. Third-party riskmanagement begins with due diligence before signing a contract, as with any riskmanagement program.
He consults, teaches, and advises on project management and business continuity. James is a sought-after speaker, and has been interviewed by multiple publications, on the topics of workplace violence and integrated riskmanagement. Mark Armour is a business continuity leader with over 17 years of experience in the field.
James holds the MBCI designation from the Business Continuity Institute, the Certified Business Continuity Professional certification from the Disaster Recovery Institute International and is recognized as an Enterprise RiskManagement Expert by the Credit Union National Association.
Vulnerability management is the practice of identifying and mitigating the weaknesses in an organization’s people, processes, and technology. Identifying and mitigating such situations is what vulnerability management is all about. Vulnerability Management and RiskManagement How does vulnerability management relate to riskmanagement?
The Client : The client is a leading financial riskmanagement organization to the major banking and financial institutions across the United States. The organization is highly regulated and must meet stringent Business Continuity Planning (BCP) guidelines for financial institutions as well as those of its customers.
During COVID, business tended to focus on only two of the five risk types; however, organizations that want to prosper over the long term need to be cognizant of and plan for all five kinds of risk. Establish and implement policies and procedures to help ensure that risk responses are effectively carried out.
Protecting your corporate website as an enterprise riskmanagement strategy can keep your data, customers, sensitive information, and reputation safe. Why Protecting Your Corporate Website as an Enterprise RiskManagement Strategy Matters? Schedule a demo right away to receive a free consultation.
Risk transference is one of the four main strategies organizations can use to mitigate risk. Related on MHA Consulting: Global Turmoil Making You Ill? Try a Dose of RiskManagement Wise organizations determine how much risk they will accept then make conscious efforts to bring their risk down below that threshold.
But as their companies grow, business owners can and should start becoming more proactive about mitigating risk. Related on MHA Consulting: Single Points of Failure: Protecting Yourself from Hanging by a Thread Risk and the Entrepreneur In writing today’s blog, I’m going to switch between my consultant’s hat and my entrepreneur’s hat.
We talk in this podcast about a wide variety of topics, to include how professional emergency managers can continue to contribute after our paid careers are finished.For a more detailed list of Claire’s accomplishments, see this bio: Ms. Rubin is the author or editor of five books and more than 100 articles for professional publications.
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. Related on MHA Consulting: Global Turmoil Making You Ill?
In today’s post we’ll look at the top 10 free or almost free resources business continuity management professionals can utilize to help them raise their BCM skills and effectiveness to ninja level. A great place to get an overview of the whole BC field, from Program Administration to Exercises to RiskManagement and Mitigation.
Strategic Awareness and Anticipation From a security consulting perspective, the implications of these trends are significant. About TAL Global TAL Global specializes in security consulting and riskmanagement, offering tailored solutions for your organization.
Niru Satgunananthan, a member of the SIA AI Advisory Board, is ESS business development manager and consultant at Johnson Controls. Its also important to recognize that AI strategy is fundamentally about riskmanagement. Theres no crystal ball, only calculated bets on technology, talent and where future value will emerge.
There are many metrics that can be used to measure what could or would cause harm and unlike broader riskmanagement strategies, which aim to prevent disruptions entirely, impact tolerances acknowledge that incidents are inevitable. Overcoming challenges Implement cross-department collaboration to align on priorities.
Riskmanagement and resilience are becoming increasingly important to success in the dynamic business world. For business continuity professionals, ensuring their programs are recognized as essential components of an overall business strategy is critical.
What this means is that your company’s own internal security practices are now only partial protection; a comprehensive security program must now include cyber riskmanagement strategies that cover your supply chain. Would you like to speak to a cybersecurity expert about managing supply chain cyber risk? link] Moore, S.
Reducing risk is at the heart of everything we do as business continuity 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.” How to Manage Residual RiskManaging residual risk is not a project; it is an ongoing, cyclical process.
Failing To Plan Is Planning To Fail, Forrester Consulting, October 2021 2. Failing To Plan Is Planning To Fail, Forrester Consulting, October 2021 3. Learn from history: Stay connected to the growing complexity of risk. Failing To Plan Is Planning To Fail, Forrester Consulting, October 2021 4.
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