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Know Your Risk: Managing an Expanding Universe of Uncertainty

Fusion Risk Management

Risk management is typically discussed under two categories: Governance, Risk, and Compliance (GRC) or Integrated Risk Management (IRM). Strategic risk. What is strategic risk, and how do you manage it? Solutions Customer Summit Series.

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Third-Party Risk Management 101

Fusion Risk Management

In today’s world, where we have seen massive supply chain disruptions, data breaches, enforcement actions, and a stunning series of customer failures, the world of third-party risk management (TPRM) has never been under more scrutiny. Let’s examine what third-party risk management means. Risk Assessment.

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What Is Risk Management?

LogisManager

What Is Risk Management? The world will always be filled with uncertainty and with uncertainty inevitably comes risk. Risk management, in its simplest form, is assessing the possibility of something bad happening; i.e. “If I take this action, will it result negatively?”. What Is Risk Management?

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Getting Started with Enterprise Risk Management

MHA Consulting

In today’s post, we’ll take a look at how organizations can get started using Enterprise Risk Management (ERM) to reduce their exposure and improve their resilience. Risk can never be completely removed, but it can be mitigated. ERM provides a framework for doing this in a systematic, results-oriented fashion.

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Risk Management: Is Your Strategy Keeping Pace?

On Solve

Staying ahead of it all requires thorough risk management. 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 risk management strategies in the next 18 months.

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Automating Risk Functions for Greater Value Creation

Risk Management Monitor

Despite recent volatility, more than 60% of risk executives surveyed in a recent PwC US Pulse Survey were optimistic about the global economy, as well as the state of the pandemic recovery. This optimism could stem from a greater alignment between risk functions and the business. Allocate costs efficiently.

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BCM Basics: Business Continuity vs. Business Resilience 

MHA Consulting

Other components include risk management, crisis management, operational resilience, supply chain resilience, and financial resilience, among others. Business resilience is an overarching concept with many components, one of which is traditional business continuity (with its BIAs and recovery plans).

BCM 105