Risk Management as a Career: A Guide for BCM Professionals
For those with a suitable temperament and skill set, a career in risk management can be rewarding due to the field’s broad scope, consequential nature, and rising prominence. In this week’s post, […]
The Top 8 Risk Mitigation Controls, in Order
Risk mitigation controls are the measures we take to reduce the risks our organizations face in carrying out their operations. This blog lays out and explains the top eight controls in order […]
Reviewing the Five Types of Risk
The recent announcement of the official end of the COVID-19 pandemic makes this a good time to review the five types of risk. During COVID, business tended to focus on only two […]
The Ultimate Guide to Residual Risk
Reducing risk is at the heart of everything we do as business continuity professionals. This week’s blog post will spell out the key concepts relating to this all-important goal; call it “The […]
Residual Risk
Residual Risk Quantify Your Risk Exposure A Quantitative Method to Evaluate Risk Residual Risk can be used to quantitatively identify where pockets of residual risk exist, determine the magnitude of the remaining […]
BCM Basics: Inherent Risk vs. Residual Risk
This post is part of BCM Basics, a series of occasional, entry-level blogs on some of the key concepts in business continuity management. If you spend any time at all in the […]
A Great Place to Start: The ISO 31000 Risk Management Guidelines
Every organization that is determined to get serious about risk management should know about ISO 31000. This set of risk management guidelines from the International Standards Organization sets out a smart, easy-to-implement […]
The Big Three of Residual Risk
At most organizations, residual risk typically lurks in one or more of three areas. By bringing risk in these areas under control, you can go a long way toward making your organization […]
A Sample Threat and Risk Assessment: The Case of Acme Widget Corp.
A picture is worth a thousand words, and an example might be worth a thousand pictures. In today’s post, we present a sample Threat and Risk Assessment. The original of this TRA was for […]
Know Your Gaps: Manage Residual Risk to Keep Your Company Safe
Over the past 18 months, most organizations have made changes to their business continuity plans to increase their resiliency. Unfortunately, few have taken the critical next step of measuring and managing the […]
Types of Risk: Don’t Forget to Keep Tabs on Your Long-Term Risks
The challenges of the COVID-19 pandemic have understandably monopolized most business continuity professionals’ attention over the past six months. In today’s post, I want to remind you of what the five types […]
So You Want to Be a Risk Mitigator: 5 Tips to Help You Master the Craft
One of the most important roles business continuity professionals have is that of risk mitigator: a person who understands, manages, and educates others at the organization about risk. In today’s post, we’ll […]
