Operational risk management is a crucial aspect of any business, as it involves identifying, assessing, and mitigating risks that could impact the organization's operations. In order to achieve excellence in operational risk management, it is important to have a comprehensive understanding of the potential risks and implement effective strategies to manage them.
Statistics | Numbers |
---|---|
Percentage of companies that have experienced a significant operational risk event in the past 5 years | 67% |
Percentage of operational risk events caused by human error | 45% |
Percentage of companies that have a formal operational risk management framework in place | 82% |
These statistics highlight the importance of operational risk management and the need for organizations to prioritize this aspect of their business.
By following these strategies, organizations can achieve excellence in operational risk management and protect their operations from potential risks.