Risk Management
Managing the operational risk by anticipating environmental fluctuations

Operational risk is hard to define and managing it requires companies to value avoided risk.

Nonetheless, operational performance is closely linked with financial performance and so to the achievement of high performance. TSIPL looks at the reasons why companies so often fail to manage operational risk, and identifies a practical framework to remedy the situation.

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risk magt 
Analysis:

The basics of business never change: companies must compete successfully and generate profits. What does change is the nature of the risks they face. Today’s risks include market risk, credit risk and a whole range of external, strategic enterprise risks. 
All too often, however, businesses pay too little attention to the operational risks they face. Such risks are hard to quantify, and they require a company to set a value on avoided loss. As a result, managing operational risk is seldom seen as a strategic imperative—even though operational and financial performance is closely linked.

Recommendations:

At TSIPl, we have seen how good operational risk management can add real value to companies. From our work with clients around the globe and our research in leading practice and industry benchmarking, we believe an effective operational risk management approach consists of:

  • • Integrating operational risk into the risk oversight structure and   supporting risk processes.

  • • Using qualitative and quantitative methodologies.

  • • Analyzing risk indicators; monitoring and reporting risk; managing   data

Contact us to find out how applying a consistent and complete risk framework complemented with risk analytics can help equip your company to become a high-performance business.

 

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