25 years: Operational risk
Three important words that make up a process are policy, procedure and checklist. In this video, Olaf focuses on each of these components as he provides an overview of operational foundations.
Three important words that make up a process are policy, procedure and checklist. In this video, Olaf focuses on each of these components as he provides an overview of operational foundations.
9 mins 34 secs
The operational foundations of Operational Risk (OpRisk) involve the theories behind policies, procedures, checklists, the people who are involved in these decisions and whether the systems in place are efficient.
Key learning objectives:
Identify what makes up a process, and its key components
Judge which is more important: a policy or procedure