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

MHA Consulting

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?

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Exploring Careers in Business Continuity

BryghtPath

Business continuity professionals play an integral role in safeguarding an organization’s functionality during unforeseen crises. They also have risk mitigation and damage control responsibilities in crisis scenarios. … The post Exploring Careers in Business Continuity appeared first on Bryghtpath.

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MI5 Director General Ken McCallum Threat Update – What it Means to Us

Plan B Consulting

As part of our role as business continuity professionals, we should be horizon scanning for the latest threats to our organisations, and ensuring that we have taken appropriate actions either to try and prevent them from happening in the first place or to have plans in place to deal with the impact should they occur.

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

MHA Consulting

In today’s post, we’ll lay out what these domains are, reveal which ones tend to get overlooked, and explain how knowing about the domains can help business continuity professionals reduce their organizations’ risks and bolster their resilience. Exactly what those domains are will be detailed in a moment.

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How Much Damage Do You Want to Incur From a Major Business Interruption?

Bernstein Crisis Management

If you have the budget to bring in a Business Continuity Professional , you’ll get guided through a much more in-depth version of that process, but even these simple four steps, if you haven’t engaged in this type of exercise recently and regularly, will improved your preparedness and mitigate future damage considerably.

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The Ultimate Guide to Residual Risk  

MHA Consulting

Reducing risk is at the heart of everything we do as business continuity professionals. Residual risk is the amount of risk that remains in an activity after mitigation controls are applied. Putting it in mathematical terms: (Inherent risk) – (the risk eliminated by your mitigation controls) = residual risk.

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Reviewing the Five Types of Risk 

MHA Consulting

The wise organization develops strategies and plans to mitigate and prepare for all five types of risk. In one respect, COVID continues to distort people’s approach to risk. Today many business continuity professionals are worrying disproportionately about the possibility of another pandemic, to the exclusion of other threats.