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Operational Risk Management


Types of Operational Risk

Often abbreviated to ORM, operational risk management is the ongoing cycle of processes by which an organisation identifies risk, analyses risk value and ultimately implements the necessary controls to accept, mitigate or avoid each risk entirely. Or in other words, ORM refers to the entire risk management framework within an organisation to control, minimise and avoid risk. Operational risk incorporates any risk of loss resulting from failed or inadequate internal processes, systems or people, or any external events. ORM contributes toward the wider performance of the business, allowing goals and targets to be reached more effectively and efficiently.

This advanced tutorial has been designed for senior managers, business owners and anyone involved in risk management at any level. Explore the scope of operational risk and the benefits of operational risk management, along with how to implement an ORM strategy and ensure its effectiveness. Study new business development, the different types of operational risk, health and safety risk, HRM practices, regulatory issues, statutory requirements and more.



  • Define ‘ Operational  Risk  Management’
  • Explain the factors on which  Operational  Risk  Management depends
  • Outline the benefits of  Operational  Risk  Management
  • Discuss the risks associated with people in a business

Programme Content


  • Scope of Operational Risk
  • Benefits of Operational Risk Management
  • Implementation of Operational Risk
  • Strategy
  • Business Plan
  • New Business Development
  • Types of People Risk
  • Maintaining a Health and Safety Management System
  • Categories of Health and Safety Risk
  • HRM Practices
  • Ability to Pay Salaries
  • Regulatory and Statutory Requirements

Target Audience

  • International business and professional advisors
  • Risk managers looking to upgrade their knowledge and skills
  • Those involved in risk management and want to maintain their CPD
  • Individuals looking to enhance their CVs
  • Anyone looking to develop knowledge and skills for better job opportunities


No prior knowledge is required to take this unit.


  • Participants:8 - 400
  • Duration: 2 - 3 hours
  • Participation:Only collaborative

Key Benefits

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Course at QLS
Study Method Online
Course Duration 10 Hours
Start Date on going
Awarding Body
Full Fee:    £ 120

Discount:    £ 96

Pay Today:    £ 24

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