Review:
Operational Risk Management
overall review score: 4.3
⭐⭐⭐⭐⭐
score is between 0 and 5
Operational risk management is the process of identifying, assessing, and controlling risks that arise from day-to-day operations within an organization.
Key Features
- Risk identification
- Risk assessment
- Risk control measures
- Monitoring and reporting
Pros
- Helps organizations anticipate and mitigate potential risks
- Improves overall efficiency and effectiveness of operations
- Reduces unexpected losses and disruptions
Cons
- Can be time-consuming and resource-intensive
- Difficult to predict all potential risks