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Regular version of the site

Article

An attempt of system approach to operational risk management

Far East Journal of Psychology and Business. 2012. Vol. 8. No. 3. P. 38-49.

Operational risk management (ORM) is considered as decision-making tool to systematically  operational risk identification and determination of the best courses of action for any given  situation. Here we made an attempt to analyse ORM from the position of system approach to  the enterprise management. In this view, 4 interrelated subsystems were identified: beliefs,  constraints, control and monitoring; and ORM  is  considered as meta-process, which umbellates enterprise  business processes and sets requirements to the above subsystems.

Interrelations of the management components are discussed as well. The given research was  held in a frame of the  contract № 13.G25.31.0096 with the Ministry for Education and  Science of Russian Federation «Deployment of hi-tech manufacture of unstructured  information processing in cross-platform system on open source software (OSS) basis due to  increase management efficiency of innovative activity of the enterprises in modern Russia economy».