Operational Risk Management (A Case Study)

Abstract

The content of this effort is intended to establish a new approach to operations management to be set as a role model for researchers, and particularly the scientific research. The risk is the power should be taken into account in the industry. Secondly, Risk Management by its characteristics is an important approach to the decisions and operation of the top management. It is an inclusive process with all other activities of the whole company. “Performance, scheduling, cost and product life-cycle”. Thirdly, Risk Management has two main basic building blocks: The organizing of the operations and the knowledge-associated support system (Decision Support System). This research also aims to teach the organizations a method to detect and process the data and information by the Risk Memory tool, through their epistemological networks which are connected by Decision Support System within the framework and the aims of the organization (Theory-In-Use).