Operational Risk Management

Operational Risk Management (ORM) involves identifying, assessing, and mitigating risks that arise from a company's day-to-day operations. This includes anything from system failures and human errors to external events like natural disasters. By systematically analyzing these risks, organizations can develop strategies to minimize their impact, ensuring smoother operations, better decision-making, and protection against potential losses. Ultimately, ORM helps businesses maintain stability and enhance their overall resilience in a dynamic environment.