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2. Operational risk management - Wikipedia

   en.wikipedia.org/wiki/Operational_risk_management

   Operational risk management (ORM) is defined as a continual recurring process that includes risk assessment, risk decision making, and the implementation of risk controls, resulting in the acceptance, mitigation, or avoidance of risk.

3. Operational risk - Wikipedia

   en.wikipedia.org/wiki/Operational_risk

   Operational risk is the risk of losses caused by flawed or failed processes, policies, systems or events that disrupt business operations. Employee errors, criminal activity such as fraud, and physical events are among the factors that can trigger operational risk. The process to manage operational risk is known as operational risk management.

4. Cyber PHA - Wikipedia

   en.wikipedia.org/wiki/Cyber_PHA

   A worksheet is commonly used to document the cyber PHA/HAZOP assessment. Various spreadsheet templates, databases and commercial software tools have been developed to support the cyber method. The organization's risk matrix is typically integrated directly into the worksheet to facilitate assessment of severity and likelihood and to look up the ...

5. Hazard and operability study - Wikipedia

   en.wikipedia.org/wiki/Hazard_and_operability_study

   Explains the operational context within which the system will operate, the operational consequences of a deviation and the extent to which deviations might lead to unacceptable consequences. Specialists Provide expertise relevant to the system, the study, the hazards and their consequences. They could be called upon for limited participation.

6. Process hazard analysis - Wikipedia

   en.wikipedia.org/wiki/Process_Hazard_Analysis

   A simple element of risk quantification is often introduced in the form of a risk matrix, as in preliminary hazard analysis (PreHA). The selection of the methodology to be used depends on a number of factors, including the complexity of the process, the length of time a process has been in operation and if a PHA has been conducted on the ...

7. Advanced measurement approach - Wikipedia

   en.wikipedia.org/wiki/Advanced_measurement_approach

   The methods (or approaches) increase in sophistication and risk sensitivity with AMA being the most advanced of the three. Under AMA the banks are allowed to develop their own empirical model to quantify required capital for operational risk. Banks can use this approach only subject to approval from their local regulators.

8. Risk assessment - Wikipedia

   en.wikipedia.org/wiki/Risk_assessment

   Risk assessment determines possible mishaps, their likelihood and consequences, and the tolerances for such events. [1] [2] The results of this process may be expressed in a quantitative or qualitative fashion. Risk assessment is an inherent part of a broader risk management strategy to help reduce any potential risk-related consequences. [1] [3]

9. Risk management - Wikipedia

   en.wikipedia.org/wiki/Risk_management

   Together with risk assessment and risk management, risk communication aims to reduce foodborne illnesses. Food safety risk communication is an obligatory activity for food safety authorities [73] in countries, which adopted the Agreement on the Application of Sanitary and Phytosanitary Measures. Risk communication also exists on a smaller scale.