Systematic Management Of Operational Risks - An Australian Study
- New UM Ad. Co. Ltd.,
- Publication Type:
- Journal Article
- International Journal of Logistics and Transport (IJLT), 2010, 1, 4 (1), pp. 7 - 14
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This paper analyses the operational risk management (ORM) practices in Australia. It provides a new perspective onhow to use national and international operational management system standards as basis for systematic management ofoperational risks. It proposes a framework and identifies the critical factors for effective use of an ORM system. Theproposed framework could also be used as a model to research ORM system applications in other countries.
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