Operational Risk Management

Operational Risk Management
ISBN-10
1606505300
ISBN-13
9781606505304
Series
Operational Risk Management
Category
Business & Economics
Pages
150
Language
English
Published
2014-11
Authors
C. Ariel Pinto, Luna Magpili, Raed M. Jaradat

Description

Operational Risk Management will focus on the management of operational risks using various tools that highlight the systems approach. These tools and techniques are varied in application and use both quantitative and qualitative analysis, and combinations of deterministic and probabilistic approaches. Risk Management as a field deals with identifying, analyzing and preventing or mitigating undesirable events. The undesirability of these events is hinged on the system's objectives, hence a systems approach. There can be many types of undesirable events for a particular system, from financial environmental, system safety, and others. However, the importance of managing all of these types of risks eventually depends on their effects on the operational objectives of the system, and their likelihood of occurrence. Operational Risk Management is intended for practitioners who need to deal with potential or occurring undesirable events in a step-by-step and repeatable process. The collection of tools and techniques provided in this book will enable the practitioners to select the appropriate ones for particular applications.

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