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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.
Marine Corps Operational Test and Evaluation Activity (MCOTEA) is the independent Operational Test and Evaluation (OT&E) authority for the U.S. Marine Corps.MCOTEA plans, executes, and evaluates testing of material solutions against warfighter capabilities, under prescribed realistic conditions and doctrine, to determine Operational Effectiveness, Operational Suitability, and Operational ...
As applied to finance, risk management concerns the techniques and practices for measuring, monitoring and controlling the market-and credit risk (and operational risk) on a firm's balance sheet, due to a bank's credit and trading exposure, or re a fund manager's portfolio value; for an overview see Finance § Risk management.
The Marine Corps Tactics and Operations Group (MCTOG) provides advanced and standardized training in Marine Air-Ground Task Force (MAGTF) Operations, Combined Arms Training and Unit Readiness Planning at the Battalion and Regiment levels, and synchronizes doctrine and training standards IOT enhance combat preparation and performance of Ground Combat Element (GCE) units in MAGTF operations.
To that end, the Marine Corps began developing the Marine Tactical Data System (MTDS) in the late 1950s. MTDS became the Marine Corps' first semi-automated system capable of collecting, processing, computing and displaying aircraft surveillance data while also sharing that information with other participating units via tactical data link. [4]
The Marine Corps Planning Process is a six-step process comprising problem framing, course of action (COA) development, COA wargaming, COA comparison and decision, orders development, and transition. The Marine Corps often operates in a joint environment, where the MCPP is the vehicle through which commanders and their staffs in the operating ...
Sailors studying for the NATOPS exam. The Naval Air Training and Operating Procedures Standardization (NATOPS) program (pronounced NAY-Tops) prescribes general flight and operating instructions and procedures applicable to the operation of all United States naval aircraft and related activities.
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.