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A Framework for Systematic Management of Operational Risks  

Akpolat, Hasan (Faculty of Engineering and IT, University of Technology Sydney)
Pitinanondha, Thitima (Defence Materiel Organisation (DMO))
Publication Information
International Journal of Quality Innovation / v.10, no.2, 2009 , pp. 1-17 More about this Journal
Abstract
This paper presents a theoretical research framework that was used to analyse operational risk management (ORM) system practices in Australia. It provides a new perspective on how to use national and international operational management system standards as a basis for systematic management of operational risks. Based on the extensive literature review and the analysis of operational risk management system practices that are common in Australian organisations, this paper identifies the critical factors for effective use of an ORM system. The proposed framework could also be used as a model to research ORM system applications in other countries.
Keywords
Operations Management; Operational Risk; Risk Management; Operations Management Systems;
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Times Cited By KSCI : 1  (Citation Analysis)
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