What is operation risk management?

[sunil]

MetricStream Operational Risk Management software provides a comprehensive set of capabilities to establish risk management discipline. Built on the MetricStream Platform, the software embodies a pervasive approach to operational risk management (ORM) and strengthens collaboration across the enterprise—from executives and risk managers to business process owners. By streamlining operational risk management, organizations can make risk-intelligent, real-time business decisions, improve business performance, and reduce losses.

• Shorten the cycle time and costs of risk assessments to improve overall efficiency.
• Reduce losses and avoid adverse risk events through proactive control structures, forward looking risk visibility metrics, and analytics.
• Drive agility and risk-based decision making with access to data of the top risks confronting the organization.

https://www.metricstream.com/products/operational-risk-management.htm

Operational Risk

The MetricStream Operational Risk Management (ORM) software helps organizations to improve risk visibility, minimize loss events, and strengthen business resilience.

www.metricstream.com

 

[AdrianG001]

Operational Risk Management is a methodology for organizations looking to put into place real oversight and strategy when it comes to managing risks.

The Benefits Of Operational Risk Management

• Improving the reliability of business operations.
• Improving the effectiveness of risk management operations.
• Strengthening the decision-making process where risks are involved.
• Reduction in losses caused by poorly-identified risks.
• Early identification of unlawful activities.
• Lower compliance costs.
• Reduction in potential damage from future risks.