Operational Risk
Operational risk refers to the potential for loss resulting from inadequate or failed internal processes, systems, people, or external events. This type of risk includes errors, misconduct, fraud, technology failures, and disruptions in the supply chain. Operational risk can have a significant impact on an organization's reputation, financial stability, and overall performance. Proper risk management practices and controls are essential in mitigating operational risk and ensuring the continued success of a business.
External Links
- [OperationalRisk.com] operationalrisk.com | Venture
- [acin.com] Home | Simplifying operational risk
- [dinoprice.com] Dino Price | GRC Governance Risk Compliance, and Policy Development for Information and Operational Technology Security
- [dgor.org] DGOR | Deutsche Gesellschaft fr Operational Risk Management
- [orx.org] Operational Risk Management in Financial Services | ORX
- [xen3.com] TGI GROUP INC (Extended Enterprise Group) – Operational Performance and Risk Management