Operational Risk Management
Operational risk is the potential loss due to failures or deficiencies in information systems, internal controls or errors in processing operations.
For proper management is necessary to have the greatest amount of data available and the participation of the people who run the processes and procedures to ensure that certain actions achieve desired levels of effectiveness.
Process Risk Management
- Planning and Risk Management: Decide how you will make such management and the target level.
- Risk Identification: Identify the potential risks.
- Qualitative Risk Analysis: Prioritizing risks in subsequent analysis, classified according to priority and impact.
- Quantitative analysis: Numerical analysis of the impact of identified risks.
- Planning the Response to Risks: Development of actions to enhance positive risks and minimize downside risks. Contingency plans.