Implementation is where the rubber meets the road. This video shares ways to improve accountability and create a sustainable and viable risk management program.
- Plans rarely fail at the planning stage.…They most often fail at implementation.…This may be the greatest waste of business investment,…when time and resources have been invested…in strategy and planning and left to die an expensive death…in dusty binders in someone's office shelf.…That's a failed investment.…Now I've been as guilty as anyone.…I have attended countless conferences…where I gain new knowledge.…
I write detailed notes with big plans…of making great strides.…I wished I had a thousand dollars…for every piece of paper…that went either unused or even slightly used.…I'm guessing that's the minimum of what I left on the table.…Planning around risk management is no different.…Getting buy-in from management on implementing strategies…on risk management might sound like nails on a chalkboard.…Why?…Because initiatives like this…have started before with great vigor…only to die that expensive death,…because there was no accountability or momentum.…
There are three critical elements…to assuring both implementation and monitoring.…
- Explain the process of identifying exposures.
- Cite examples of transferring risk.
- Name the tools used for implementation and monitoring risks.
- Define “organizational amnesia” and explain how to prevent it.
- Describe security concerns an organization may have and explain the cybersecurity tools that may be used to mitigate them.
- Identify the benefits of an employee handbook for mitigating risks.
- Explain the various parts of an insurance policy.
- Summarize the importance of a business continuity plan and describe the steps for creating one.