Operational Risk Management (ORM)

Operational Risk Management (ORM) is the process organizations use to identify, assess, and minimize the risks that arise from their day-to-day activities. These risks can include system failures, human errors, fraud, or external events that could disrupt operations or cause losses. ORM involves evaluating potential threats, implementing controls to prevent or mitigate them, and continuously monitoring to improve safety and efficiency. The goal is to protect the organization’s assets, reputation, and performance while ensuring smooth, reliable operations.