Operational Risk Assessment
Operational Risk Assessment involves identifying, analyzing, and evaluating potential risks that may arise from the day-to-day operations of an organization. This process aims to assess the likelihood and impact of various operational risks, such as human error, system failures, and external events, in order to develop strategies to mitigate or manage these risks effectively. By conducting a thorough operational risk assessment, businesses can anticipate and prevent potential disruptions, protect their assets, and ensure the continuity of their operations.