MHA Consulting

AUGUST 24, 2023

As a reminder, risk management is the process of understanding the hazards facing an organization and taking steps to bring them to within a level determined to be acceptable by the senior leadership. It’s not about eliminating risk completely but managing it in a rational, informed way. Reducing risk. Transferring risk. Accepting risk.

Risk Management 98

Risk Management BCM Management All-Hazards 98

Reciprocity

OCTOBER 7, 2024

For instance, if a company wants to outsource work or hire a new supplier or vendor, it will do third-party due diligence to determine any risks or possible issues with this new partnership. For example, your human resource department possibly links to healthcare insurance providers using a web-based application.

Cybersecurity 52

Cybersecurity Audit All-Hazards Risk Management 52

Stratogrid Advisory

JUNE 3, 2020

An added benefit to a more resilient organization will be lower insurance rates These are just a few examples. Insurance companies assess risks to determine the insurance premiums they will charge. Examples of IT options are: secondary data centres, migration to cloud-based services, or outsourcing part of IT operations.

Business Continuity 52

Business Continuity BCM Impact Analysis BCP 52

Stratogrid Advisory

JUNE 3, 2020

Business insurance needs – some business interruption policies are requiring organizations to implement business continuity programs. An added benefit to a more resilient organization will be lower insurance rates. Insurance companies assess risks to determine the insurance premiums they will charge. ARTICLE SECTIONS.

Business Continuity 52

Business Continuity BCM Impact Analysis BCP 52