operational risk management
Operational risk management refers to the process of systematically identifying, assessing, and mitigating potential risks associated with the day-to-day operations of an organization. It involves measures and strategies implemented to minimize the impact of unforeseen events or disruptions that could hinder business continuity and financial stability.
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Related Concepts (34)
- asset risk management
- business continuity planning
- compliance management
- enterprise risk management
- financial risk management
- incident management
- internal controls
- key risk assumption analysis
- key risk indicators
- loss data collection
- risk appetite framework
- risk appetite statement
- risk assessment
- risk assessment tools
- risk assessments in various industries (e.g., banking, insurance, manufacturing)
- risk communication
- risk control
- risk culture
- risk exposure
- risk governance
- risk heat maps
- risk identification
- risk incident analysis
- risk management
- risk measurement
- risk mitigation
- risk modeling
- risk monitoring
- risk registers
- risk reporting
- risk response planning
- risk tolerance
- risk transfer mechanisms
- risk-based decision making
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