What does operational risk management mean?
Definitions for operational risk management
op·er·a·tional risk man·age·ment
This dictionary definitions page includes all the possible meanings, example usage and translations of the word operational risk management.
Wikipedia
Operational risk management
The term operational risk management (ORM) is defined as a continual cyclic process which includes risk assessment, risk decision making, and implementation of risk controls, which results in acceptance, mitigation, or avoidance of risk. ORM is the oversight of operational risk, including the risk of loss resulting from inadequate or failed internal processes and systems; human factors; or external events. Unlike other type of risks (market risk, credit risk, etc.) operational risk had rarely been considered strategically significant by senior management.
Numerology
Chaldean Numerology
The numerical value of operational risk management in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of operational risk management in Pythagorean Numerology is: 6
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"operational risk management." Definitions.net. STANDS4 LLC, 2024. Web. 2 May 2024. <https://www.definitions.net/definition/operational+risk+management>.
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