Operational Risk Analysis

Operational Risk Analysis is the process of identifying, assessing, and managing risks that arise from day-to-day operations within an organization. These risks can stem from various sources, such as employee mistakes, system failures, or external events like natural disasters. By analyzing these risks, businesses can develop strategies to minimize potential losses, ensure smoother operations, and maintain compliance with regulations. Essentially, it's about understanding what could go wrong in everyday activities and putting measures in place to prevent or mitigate those issues, ultimately safeguarding the company's resources and reputation.