
•
target business environment – the development of an oper-
ational risk profile of the proposed target environment can
help identify process design flows at an early stage; and
•
business environment in transition – the management of
project-related risks affecting an organization during a
change is a key aspect of operational risk management.
Establishing policy and organization
Operational risk management can only be effective when inte-
grated into the core of operations and operating principles.
The starting point for formulating this framework is to
examine a range of organizational and business components as
a foundation for decisive action. The key ...