Risk Management is the process of identifying and mitigating potential risks that organizations face.  Typically this involves reviewing the operations of an agency to identify potential threats, assessing the likelihood of occurrence and developing an action plan to address the risk factors. There are four types of strategies that can be developed when completing a risk assessment 1) Transfer the risk, 2) Avoid the risk, 3) Reduce the risk, and 4) Accept the risk.  RNR Consulting has crafted a methodology for conducting risk management assessments.  The steps are listed below. 

1.  Identify the risks
2. Assess and rank the risks
3. Develop mitigation strategies
4. Develop cost benefit analysis
5. Develop implementation plan

Disaster Recovery Planning

 Disaster Recovery Planning is one type of a risk management assessment.  It is the process of accessing data from either hardware or software to enable an organization to resume critical business operations in the event of a natural or human caused disaster.  Disaster Recovery Plans is a comprehensive roadmap detailing how to recover data, identify technology and tools that support network operations and infrastructure, and hardware and operating systems.  Disaster Recovery Plans define daily activities into mission critical and business critical and define roles and responsibilities in the event of an emergency.

Clients we have successfully completed risk management assessments and disaster recovery planning include: Antelope Valley Transit Authority, Cleveland Public Power, Stark Area Regional Transit Authority and the State of Maryland and Maryland Department of Budget and Management