Remove Evaluation Remove Hazard Remove Retail Remove Vulnerability
article thumbnail

5 Steps to Implement Enterprise Risk Management (ERM)

Reciprocity

The two fundamental components of ERM are (1) the evaluation of significant risks, followed by (2) application of adequate responses. Operationally Critical Threat, Asset, and Vulnerability Evaluation (OCTAVE), developed by Carnegie Mellon University, provides a self-directed methodology customizable to your organization’s size.

article thumbnail

5 Steps to Implement Enterprise Risk Management (ERM)

Reciprocity

The fundamental components of ERM are evaluating significant risks and applying adequate responses. Operationally Critical Threat, Asset, and Vulnerability Evaluation (OCTAVE), developed by the Carnegie Mellon University, provides a self-directed methodology customizable to your organization’s size. Risk Assessment.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Risk Assessment vs Risk Analysis

Reciprocity

A risk assessment evaluates all the potential risks to your organization’s ability to do business. Various types of hazards must be considered. After identifying hazards and risks, consider how they are harmful and the possible outcomes. What Is a Risk Assessment? Economic risk. Operational risk. Third-party risk.

article thumbnail

IRM, ERM, and GRC: Is There a Difference?

Reciprocity

For example, retail is now “e-tail,” manufacturing plants are increasingly automated, and nearly every step of the hiring and contracting process happens online, from application to background checks to payroll. The advent of the digital age is partly to blame. Are there differences at all? Which is best? ERM: A Short History.