Definition: Operational Risk Management is a continual process that includes risk assessment, risk decision making, and implementation of risk controls, which results in acceptance, mitigation, or avoidance of risk. |
More on risk management: Behavioral Risk Management, Credit Risk Management, Event Chain Methodology, Risk Appetite, Risk Management. You may also like: Full-time MBA, Executive MBA, Executive Education, Online MBA. MBA Brief offers concise, yet precise definitions of concepts, methods and models as taught in a study Master of Business Administration. We like to keep things short, and provide links to learn more about your subject. |
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