An Overview of Risk Management Framework (RMF)
Various institutions across industries have realized the importance of managing organizational risk. It is considered to be a very important element in the company’s security system. 69% of executives are still not sure of...
Steps to Build a Robust Risk Management Framework
Risk management is varied for different companies because they have different objectives they want to achieve and different processes in place to do so. This means the risks they face will also be different....
Impacts of not Having a Business Continuity Plan
A business continuity plan is created to ensure that organizations can continue to operate in case of disaster. An extensive business continuity plan is made up of the following parts:
A proper analysis of organizational...
Key Strategies to Implement Business Continuity Management
There can be business disruptions that affect an organization and companies need to be able to react quickly and methodically to avoid any financial losses. The response level needs to ensure business continuity for...
How to Create an Effective Business Continuity Plan
Businesses need to be prepared in case of any disaster, natural or man-made, which is why they need to have a business continuity plan in place. This plan has strategic timelines addressing the periods...
Perfecting Risk Mitigation Strategies
Risk management is a relatively new concept in industries besides financial institutions, but its importance is clear. Organizations need to successfully identify the threats they have to their business and their ongoing projects and...
How Organizations Should Prepare for Different Types of Risks
There are a lot of risks that organizations need to take into account when they run a business. This will help them build better relationships with their customers and other stakeholders. It will also...
What is Enterprise Risk Management (ERM)
All this while, companies have been dealing with risk in a very reactive manner. Instead of preparing for any risks to their company, projects, and other stakeholders, they respond to risks only when they...
IT Risk Management Best Practices
IT has become an integrated part of people’s lives both personally and professionally. At the workplace, there is usually software in place for running operations and projects smoothly. IT management software provides institutions with...
Five Steps of Risk Management Process
Organizations manage risks on a daily basis. The risk management process is one of the most important aspects of any company because it deals with the security of all the data present in the...
