Please enable JavaScript.
Coggle requires JavaScript to display documents.
Reading 15: Operational risk and resilience - Coggle Diagram
Reading 15: Operational risk and resilience
RISK
the potential for an event to result in an unwanted/negative consequence
RESILIENCE
the ability at an individual and organisational level to respond to and withstand unwanted events
HAZARD
an issue or situation that has the potential to have a negative effect on the organisation
hazards can come from...
technology
customers
human capital
organisational
supply chain
IMAPCT
different areas of the organisation might be affected by the hazard
impacts can be...
reputationalo
operational
financial
physical
the extent of harm that could be caused
minor
inconvenient
major
problematic
negligible
hardly noticed
severe
business threat
LIKELIHOOD
estimating the change or likelihood that something will happen
unlikely
likely
rare
almost certain
MANAGING RISK
reduce likelihood
recover
reduce impact