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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

   The process to manage operational risk is known as operational risk management. The definition of operational risk, adopted by the European Solvency II Directive for insurers, is a variation adopted from the Basel II regulations for banks: "The risk of a change in value caused by the fact that actual losses, incurred for inadequate or failed ...

4. Risk management - Wikipedia

   en.wikipedia.org/wiki/Risk_management

   Example of risk assessment: A NASA model showing areas at high risk from impact for the International Space Station. Risk management is the identification, evaluation, and prioritization of risks, [1] followed by the minimization, monitoring, and control of the impact or probability of those risks occurring. [2]

5. Enterprise risk management - Wikipedia

   en.wikipedia.org/wiki/Enterprise_risk_management

   Pricing risk, Asset risk, Currency risk, Liquidity risk Operational risk Customer satisfaction, Product failure, Integrity, Reputational risk; Internal Poaching; Knowledge drain Strategic risks Competition, Social trend, Capital availability. The risk management process involves: [4]

6. ISO 31000 - Wikipedia

   en.wikipedia.org/wiki/ISO_31000

   ISO 31000 is a set of international standards for risk management.It was developed in November 2009 by International Organization for Standardization. [1] The goal of these standards is to provide a consistent vocabulary and methodology for assessing and managing risk, resolving the historic ambiguities and differences in the ways risk are described.

7. System safety - Wikipedia

   en.wikipedia.org/wiki/System_safety

   The system safety concept calls for a risk management strategy based on identification, analysis of hazards and application of remedial controls using a systems-based approach. [1] This is different from traditional safety strategies which rely on control of conditions and causes of an accident based either on the epidemiological analysis or as ...