Of the main areas of risk management, operational risk has the shortest history, with the industry beginning to give it serious consideration only 25 years ago. In that time, the industry has made ...

Schmidt, William, and Ananth Raman. "Operational Disruptions, Firm Risk, and Control Systems." Manufacturing & Service Operations Management 24, no. 1 (January ...

Business risk usually occurs in one of four ways: strategic risk, compliance risk, operational risk, and reputational risk. Strategic risk arises when a business does not operate according to its ...

Curti and Migueis propose that the information provided by past losses results from capturing hard-to-quantify factors such as the quality of operational risk controls, the risk culture and the risk ...

The COSO framework for enterprise risk management identifies eight core components of developing ERM practices. Successful ERM strategies can mitigate operational, financial, security, compliance ...