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Operational Risk Management

MHA Consulting

What is Operational Risk Management (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. A manager underestimates task complexity, which leads to a project over runs.

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Risk Management Process- Part 1: Overview

Zerto

Risk management describes how a business identifies, analyzes, and responds to threats and risk factors that impact its profitability, viability, and strategic goals. These threats are varied and include emergencies, natural disasters, IT and technological issues, legal and regulatory problems, and financial uncertainties.

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Risk Management Process – Part 3c: Risk Control

Zerto

The Importance of Risk Control The significance of risk control cannot be overstated: it’s a critical element of the risk management process, enabling organizations to identify and manage the risks they face. Loss Prevention— This approach accepts the potential risk but aims to prevent its impact.

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The 9 Best Books for Disaster Recovery Managers in 2022

Solutions Review

Our editors have compiled this directory of the best books for disaster recovery managers based on Amazon user reviews, rating, and ability to add business value. Disaster recovery software becomes more crucial as the amount of data an enterprise creates and stores continues to grow at an ever-increasing rate.

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Operational Risk Management

MHA Consulting

What is Operational Risk Management (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. A manager underestimates task complexity, which leads to a project over runs.

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

MHA Consulting

As a practical activity, enterprise risk management (ERM) centers on eight distinct risk domains, some strategic and some operational. Second, we do not assess the risks to an organization with the expectation that every risk identified can or should be eliminated. Risk management is not one-size-fits all.

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Risk Management Process- Part 2: Business Impact Analysis

Zerto

The Critical Role of Business Impact Analysis In the first part of our miniseries on risk management, we introduced the operational risk management process and outlined its different parts. BIA is an essential component of risk management and business continuity planning efforts.