Talk:Operational risk management

Wiki Education Foundation-supported course assignment
This article was the subject of a Wiki Education Foundation-supported course assignment, between 30 October 2018 and 11 December 2018. Further details are available on the course page. Student editor(s): Yt1416.

Above undated message substituted from Template:Dashboard.wikiedu.org assignment by PrimeBOT (talk) 05:45, 17 January 2022 (UTC)

Reorganization
Proposal of strategy to re-organize the article

Mission
The goal of this article is to identify and explain the processes of risk management in terms the general public can easily understand while providing ample references to substantiate the article and allow further in-depth research of the subject.

Structure

 * Summarize ORM as a consensus of various documented ORM processes. Identify ORM as a process that has been documented in various publications.
 * Briefly describe each of the major steps of the process with links to Main article when applicable. For example, Risk assessment is a major step and has its own main article.
 * Provide a section on use anapplicability with examples in private enterprise and government.
 * Provide a section to identify documented ORM processes. A brief comparitive review or abridged history would be a nice compliment.  Each of the documented processes may have its own main article.  This could include external links.
 * Provide a reference section using listref

Resources
These following are possible ORM references:
 * ISO documentation (ISO/DIS 31000)
 * Federal documentation
 * FAA
 * NOAA
 * U.S. D.O.D. documentation US Navy Navy Safety Center website, OPNAVINST 3500.39, MCO 3500.27

The following are possible risk assessment references:
 * Delphi documentation, see Delphi method
 * NIST SP 800-30, NIST SP 800-66, NIST SP 800-50
 * Operationally Critical Threat, Asset, and Vulnerability Evaluation (OCTAVE)
 * Facilitated Risk Analysis Process (FRAP)

Scope of Article
One thing that I think this definition is missing is calling out specific risk around complying with government regulations. This is specifically a huge issue in the US as it relates to not selling to US government denied parties, US government embargoed countries, and also proper export licensing on certain products to satisfy US governement export restrictions. --Jzupan (talk) 15:40, 2 January 2008 (UTC)
 * Thanks for the feedback. The focus of this article is to define ORM, not create a list of all the different kinds of risk that the human imagination can fathom.  Discussion of specific risks belongs in the tree of artices stemming from Risk. Stephen Charles Thompson (talk) 18:56, 6 August 2009 (UTC)

Software
This section contains blatantly false statements, specifically this one: "Up till now there is not much commercial software focusing on operational risk management." A simple Google search on operational risk management software confirms that this statement is wrong. As I said in my correction, Forrester Research recently released a study that examined 115 software vendors in the Governance, Risk, and Compliance space, which is a superset of Operational Risk Management. And if you don't want to plug software, fine, but your plug of the open source solution should follow the same guidelines. --Jzupan (talk) 15:40, 2 January 2008 (UTC)
 * This section has been the target of plugs and advertisements. I could use help in policing this section to keep it neutral and within the Wikipedia guidelines. Stephen Charles Thompson (talk) 18:56, 6 August 2009 (UTC)

External links modified
Hello fellow Wikipedians,

I have just added archive links to 1 one external link on Operational risk management. Please take a moment to review my edit. If necessary, add after the link to keep me from modifying it. Alternatively, you can add to keep me off the page altogether. I made the following changes:
 * Added archive https://web.archive.org/20081011191438/http://safetycenter.navy.mil///ORM/index.asp to http://www.safetycenter.navy.mil/orm/index.asp

When you have finished reviewing my changes, please set the checked parameter below to true to let others know.

Cheers.—cyberbot II  Talk to my owner :Online 01:00, 15 January 2016 (UTC)