Dashboard Implementation Related to Operational Risk Management

Abstract

Management of operational risk is heavily dependent on manual processes and majority of the companies use conventional tools for implementation. Risk information is being collated as a simple one-dimensional register and risk assessment is done based on subjective unit scores. However, these firms are beginning to realize the need for effective and efficient risk management practices to improve overall delivery of the services products in the market and company’s financial performance through an integrated risk management solution. Here comes the ORM solution which covers all the key modules including incident management and loss analytics, RCSA, KI and action plans, that empowers the organizations to effectively manage their operational risk within an enterprise risk framework. It combines powerful components of ORM enabling organizations to analyze, manage and mitigate operational risk in a simple and efficient manner