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, […]
These 8 Risk Domains Are the Meat and Potatoes of Risk Management
As a practical activity, enterprise risk management (ERM) centers on eight distinct risk domains, some strategic and some operational. In today’s post, we’ll lay out what these domains are, reveal which ones […]
Why Every BC Professional Should Become a Gap Hunter
Business continuity professionals who want to make their organizations more resilient should make a conscious effort to become gap hunters. Time spent identifying and closing gaps in the organization’s preparedness is an […]
What Entrepreneurs Need to Know About Risk
For most entrepreneurs, worrying about risk takes a back seat to bringing in revenue and building their company’s brand. This is natural. But as their companies grow, business owners can and should […]
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 […]
How a Risk Maturity Model Can Increase Your Company’s Resilience
The risk maturity model is a key component of business continuity. In today’s post, we’ll look at how such a model can help an organization understand its risks, mitigate the risks that […]
Why BCM and ERM Should Be BFFs
Sometimes questions arise about the relationship between the business continuity management (BCM) team and the enterprise risk management (ERM) department. The fact is, both units—as well as the organization—benefit when BCM and […]
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 […]
How to Offload Your Risk to a Third Party
Risk transference is one of the four main strategies organizations can use to mitigate risk. It’s a powerful tool, but one that must be used with care to avoid unpleasant surprises. Related […]
Global Turmoil Making You Ill? Try a Dose of Risk Management
For the past few years the news has been a drumbeat of threatening events—and the beat seems to be growing louder. In such times, the best thing an organization can do is […]
Risk Assessment: The Best Way to Identify Your Biggest Threats
The threat and risk assessment or TRA is one of the cornerstones of business continuity methodology. Today, we’ll talk about what it is, why it’s important, and how to do one. Related […]
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 […]
