Call us on: +44-(0) 1254 825069
Operational Risk Management (ORM) is defined as a continual cyclic process which includes risk assessment, risk decision making, and implementation of risk controls, which result in acceptance, mitigation, or avoidance of risk. ORM oversees and manages operational risk, including the risk of loss resulting from inadequate or failed internal processes and systems, human factors, or from external events. ORM includes risk assessment, fire safety, health & safety and risk engineering covering all main parts of an operation.
ECCS understands the numerous challenges facing risk managers and companies, and offers its experience and expertise to support your organization in risk identification and assessment, in risk avoidance and reduction, and in risk acceptance and transfer where appropriate.
Operational Risk Management
Some of the main benefits of ORM include:
- Better understanding of your operations
- Increase efficiency and lower operational cost
- Prevention against unscheduled business interruption
- Reduction of operational losses
- Lower compliance/auditing costs
- Early detection of unlawful activities
- Reduced exposure to future risks.
Your company can avoid this fate by controlling and managing its risks