Wednesday, January 24, 2018

Risk Management & Business Continuity

January 24, 2018 - This quote by Teddy Roosevelt is indicative of his understanding of the benefits and dangers of risk.

"Risk is like fire: If controlled it will help you; if uncontrolled it will rise up and destroy you."

He was himself a risk taker, but he knew the importance of controlling risk. This week we are looking at assessing/managing risk – whether it benefits us, how it benefits us, and what are the best approaches. What are your thoughts?

Here’s how to survive and benefit from the risk assessment process. (Item #1)   This article looks at the importance of a strategic approach to risk management. (Item #2)   Does a Risk Assessment really provide any assistance in developing the ability to respond? (Item #3)

The author proposes a new approach to the standard risk equation. (Item #4)   We hear about IT systems going down but how much do we think about whether incidents could have been prevented by taking adequate risk mitigation measures? (Item #5)   Nonprofits have a duty to apply risk management principles—a look at when organizations should adopt a risk management program and how they can begin. (Item #6)

For the full issue, click here.

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