How to Approach Inherent and Residual Risk
A GUIDE TO UNDERSTANDING THE VARIOUS RISKS FACING YOUR ORGANIZATION
Organizations face risks related to their operations every day, whether it be from cloud computing software, information security, or third-party relationships.
With increasing regulation to match the rate of emerging risks, risk management has become mission-critical to the sustainability of enterprise organizations.
To implement a robust enterprise risk management (ERM) program, organizations must understand and evaluate numerous types of risk including inherent, residual, and control risks. In this guide, we explain these types of risks and how to align them to your strategic objectives.
- The difference between inherent and residual risk
- How to calculate residual risk
- Best practices to manage risks
- And more!