In this article, I have shared some practical experience, including failures and how to overcome them, when developing and implementing risk management frameworks. The article provides a series of considerations and steps to assist preparation for the implementation of formalised risk management or to enhance the effectiveness of existing risk management efforts. It is not directly addressed to risk professionals per se, but rather, to any individual who may make decisions related to the implementation of operational risk management in their organisation.
Article on Expert360 - A Quick Guide To Operational Risk Management