Portfolio Management

Definition of Portfolio Management as it relates to Business, Financial Management, Project Finance

Operational Risk Management refers to the systematic process of identifying, assessing, and mitigating risks associated with business operations, financial management, and project finance. It involves implementing effective controls, policies, and procedures to ensure that an organization's activities are conducted in a manner that minimizes the likelihood and impact of operational failures, errors, or unexpected events. Operational Risk Management is a critical component of overall risk management strategy, as it helps organizations to achieve their objectives while protecting their assets, reputation, and stakeholders. A robust Operational Risk Management framework enables organizations to make informed decisions, optimize resources, and improve performance by proactively managing operational risks in a structured and systematic way.

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