Operations risk: Difference between revisions
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imported>Doug Williamson (Create the page. Source: ACT ICM material p 17.6.) |
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Revision as of 11:41, 28 March 2016
Operations risks covers events such as - among others:
- The processes breaking down and requiring contingency and back-up plans
- Important suppliers in the supply chain no longer being able deliver
- Quality of the workforce and whether they are sufficiently trained and motivated
- Damage to or loss of use of premises
- Fraud risk and ensuring that proper controls and procedures are in place