Today’s business environment is riskier than ever. The consequences of unanticipated incidents or insufficient preparation and response can immediately cascade through the value chain. The financial impact of these risks – if left unaddressed – can be devastating because they threaten operations across the entire footprint of the enterprise and its supply chain. Assuring operational resiliency has become a critical boardroom issue for many organizations.

It is a complicated landscape that can no longer be addressed through a single security, compliance, safety or risk management function that may lack the budget or operational perspective to comprehensively and effectively manage the scope of the task.

Operational risk management addresses the impact to processes, systems, information, people and assets of organizations surrounding the lifecycle of emergency situations. It should provide critical qualitative and quantitative information to risk managers, CFOs, CEOs, compliance officers and the board - making it more predictable for them to meet the requirements and standards imposed by regulators, legislators, insurance underwriters and the courts.