This paper provides basic information on the new quantitative CASTL method, offering a practical classification and ranking of risks (risk scenarios). This dynamic model is not based on past risk data ...

Operational risk summarizes the risks a company faces in conducting its daily business activities, procedures, and systems.

We study the problem of evaluating the risky position involved in a matrix of random losses with some given probabilistic structure. In the Basel II regulatory setup for operational risk in banking, ...

Risks include employee performance, procedural failure, and faulty or insufficient infrastructure. Companies use operational risk assessment for risk of loss from inadequate business decisions.

SkyGrid, an Advanced Air Mobility (AAM) Third-Party Service Provider (TSP), released its latest white paper, Operational Risk Assessment for Advanced Air Mobility Third-Party Service Providers ...

How can operational and risk assessments help business owners save money? Operational assessments can help business owners identify inefficiencies and waste, ensure sound decision-making and deter ...

Key indicators considered during the Uptime Institute assessment include the review of operational processes in place, expected behaviors and the risk mitigation methods that need to be in place ...