Operational risk is the risk of human, process, system, or technological failure as well as risks...
operational risk management ORM
Operational risk management (ORM) is the application of the risk management process to operational risk.
Additional Information
ORM focuses on a broader spectrum of risks than does traditional risk management, including process, system, or technical failure along with event risk. However, it treats a more limited set of risks than does enterprise risk management (ERM) in that it does not address credit, market, and interest rate risk.
Summary
Synonyms
ORM
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