SORA (Specific, Operational Risk Assessment)

SORA, or Specific Operational Risk Assessment, is a structured approach to identifying and evaluating risks associated with specific operations within an organization. It involves analyzing potential threats to business processes, such as technology failures or human errors, and assessing their likelihood and impact. The goal is to implement strategies to minimize these risks, ensuring smoother operations and better decision-making. By focusing on particular activities, SORA helps organizations manage uncertainties more effectively, safeguarding their resources and achieving their objectives while maintaining safety and compliance standards.