Optimizing Organizational Performance with Operational Risk Management

June 28, 2017

Implementation of successful operational risk management allows manufacturers to operate with a minimized chance of incident that could negatively impact business. Citing data from Best-in-Class and All Other respondents, this report argues for the importance of incorporating operational risk management and suggests ways for manufacturers to implement solutions.

 

Key highlights include:

 

  1. The sole focus on personal safety is not enough to mitigate operational risk in manufacturing.

  2. Proper implementation requires the system framework to be tightly weaved with day-to-day business operations.

  3. Mitigating operational risk is highly dependent on several factors: company-wide policies and procedures, risk assessment, and operational data.

  4. Maintaining operational continuity and growth requires a company-wide goal of operational performance excellence, proper integration of operational risk management, accountability, and value of human capital.

 

Click the research report above to read in your web browser, or download as a PDF.

 
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