operational risk assessment

Operational risk assessment is the process of identifying and evaluating potential dangers or failures within an organization’s daily functions. It involves analyzing areas such as process errors, system failures, employee mistakes, or external events like natural disasters that could disrupt operations. The goal is to understand the likelihood and impact of these risks, so the organization can implement strategies to prevent, minimize, or effectively respond to them. This proactive approach helps maintain stability, protect assets, and support achieving business objectives with informed decision-making.