Operations Risk Management Framework
A structured approach to assessing and mitigating operational risks within an organization, focusing on insurance aspects.
11 month ago
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CONTEXT
In today's dynamic business environment, effective operations risk management is critical for sustaining business continuity and strategic objectives. A well-defined framework can help organizations identify potential threats and develop appropriate responses.
OBJECTIVE
To create a comprehensive outline for assessing operational risks, implementing mitigation strategies, and understanding the role of insurance in reducing those risks.
FORMAT
Provide a detailed step-by-step process that includes risk assessment techniques, mitigation strategies, and best practices in insurance coverage.
EXAMPLES
1. Identify key operational risks in a manufacturing context and suggest mitigation strategies. 2. Describe how an insurance policy can serve as a risk mitigation tool for a logistics operation.
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