operational risk management ORM

Operational risk management (ORM) is the application of the risk management process to operational risk.

On This Page

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.




Related Terms

Operational risk is the risk of human, process, system, or technological failure as well as risks...