tegevusrisk

Tegevusrisk, also known as operational risk, refers to the risk of loss resulting from inadequate or failed internal processes, people, and systems, or from external events. It encompasses a wide range of risks that can impact an organization's ability to achieve its objectives. These risks can arise from various sources, including human error, fraud, systems failures, business disruptions, and legal and regulatory issues.

Operational risk management is a critical component of an organization's overall risk management strategy. It involves identifying, assessing, and mitigating risks associated with the day-to-day operations of the business. Effective operational risk management requires a comprehensive approach that includes risk assessment, risk mitigation, and continuous monitoring and review.

Key areas of focus in operational risk management include:

1. Risk Identification: Recognizing potential risks that could impact the organization's operations.

2. Risk Assessment: Evaluating the likelihood and potential impact of identified risks.

3. Risk Mitigation: Implementing controls and strategies to reduce the likelihood and impact of risks.

4. Monitoring and Review: Continuously monitoring risk factors and reviewing the effectiveness of risk management strategies.

Organizations across various industries, including finance, healthcare, and manufacturing, face operational risks that can have significant financial and reputational consequences. Therefore, robust operational risk management practices are essential for maintaining business continuity, protecting assets, and ensuring long-term sustainability.