The risk of loss resulting from inadequate or failed internal processes, people and systems or from external events.
The phrase Operational Risk Management, is a continual cyclic process in which includes risk assessment, risk decision making, and the implementation of risk controls which can result in acceptance, mitigation, or avoiding risk.
stratigic and operational
stratigic and operational
What is the wingman concept as it relates to risk management
Risk management must be integrated into operational missions Risk decisions must be made at the lowest level of responsibility Risk is an unavoidable and acceptable result of Army operations Risk management must be applied cyclically and continuously
Supervise, Review, and Feedback
Operational risk management
The process of dealing with risk assoceiated within military operations, which includes risk assessment, risk decision making and implementation of effective risk controls
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deliberate and real-time
Operational risk management
Operational risk management