Consider yourself an operational risk manager. You have the difficult task of assuring your boss that all operational risks have been managed, yet you are also aware of the bad news that the management’s strategies are all outdated and ineffective, reflected in its dwindling profits and income. Things go wrong either due to a process failure or human error.

 

Human failure or mistake is the most unpredictable (and likely to cause damage) risk that companies or operational risk managers handle day-in and day-out. With templates that help you see this (operational risk management, really) from a different perspective and ease your life, we have PowerPoint templates at hand. Before we go there, here’s a refresher course in the basics before we dig into the templates.

 

What is Operational Risk Management?

 

ORM (Operational Risk Management) is a systematic process that includes risk assessment, decision making, and control implementation, resulting in risk acceptance, mitigation, or avoidance.

 

Every organization is confronted with circumstances or changes in the business environment that can pose varying levels of risk, ranging from minor inconveniences to a condition that could put the organization at risk.

 

Benefits of Operational Risk Management

A well-functioning and well-structured operational risk management system helps an organization to:

 

  • Increase the dependability of its business operations.
  • Increase the efficiency of its risk management operations.
  • Improve the decision-making process when dealing with risk
  • Reduce losses from poorly identified risks.
  • Early detection of illegal activities.
  • Lower compliance costs.
  • Reduce the harm that future risks cause

 

Common challenges in Operational Risk Management

  • Lack of resources
  • Technological challenges
  • Lack of interest and attention to ORM as an essential function

 

Five-Step Process for Effective Operational Risk Management

 

1. Risk Identification

 

The first step in risk mitigation and reduction is identifying operational risks.

 

2. Risk Assessment

 

After identifying all operational risks (there will always be more than one), they are evaluated based on the damage they could cause. In a way, you draw up a priority list of risks to handle.

 

3. Risk Measurement and Mitigation

 

Compare the cost of risk control to the cost of potential risk exposure at this stage. Then decide how to reduce the risk:

 

  • Transfer the risk to another entity, such as an insurance company.
  • Avoid the risk by, for example, selecting a vendor with more robust internal cybersecurity controls.
  • Accept the risk if the advantages outweigh the disadvantages.
  • Control the risk to lessen its impact.

 

4. Control Implementation

 

Set up the necessary controls to reduce or eliminate the risk.

 

5. Risk Monitoring and Reporting

 

Operational risks are continuously monitored to see if their prevalence and severity have changed. The original list of identified risks is updated as a result (with metronomic regularity).

 

Seems easy, doesn’t it? How hard is operational risk management?

 

Every year, companies in the USA pay millions of dollars rectifying errors they couldn’t identify owing to a defunct or badly chosen operational risk management system. Then how can you ensure your organization isn't set up for a disaster?

 

Let’s get to the answer! Our PowerPoint Presentation Decks are world-class products packed with knowledge on tackling operational management risk.

 

How to Create the Perfect Operational Risk Management Pitch Deck for Your Organization?

 

An operational risk management pitch deck is an effort to streamline your business operations and aids success by assessing and evaluating risk management.

 

Let’s get to the slides that you’ll need to gift yourself a robust operational risk management system.

 

Slide 1: Well-Begun is Half Done! The Cover Slide

Imagine going to watch a movie, and there wasn’t a proper introduction to its story. Now, you are just sitting there waiting for it to end.

 

The introduction is a mandate as it helps your stakeholders understand what they are in for.

 

A well-designed cover slide does half your job with its accurate priming up of the audience to invest their time and effort in understanding and appreciating your presentation.

 

ORM PPT Template Cover Slide

 

ORM Pitch Deck Template

 

Slide 2: Table of Contents

The table of contents acts as a guide, allowing the reader to find the information they seek with complete ease and convenience.

The table of contents can include items from each significant section of your pitch decks, such as the problem statement, solution, team, financials, and milestones.

 

Table of Contents ORM Pitch Deck PPT

 

ORM Pitch Deck Template

 

Slide 3: Business Operations Summary

This is a critical slide. You get to explain how your business operations are going, whether they are on track, off-track, or somewhere in between.

 

It also helps your audience understand how well their collective efforts contribute to organizational goals.

 

Operational Risk Management Business Operations Summary PPT Template

 

ORM Pitch Deck Template

 

Slide 4: Operational Highlights

It is an extension of the previous slide. Here, you give highlights of your operations split into four quarters, emphasizing what went well and where your team needs improvement.

 

Operational Highlights ORM PPT Pitch Deck

 

ORM Pitch Deck Template

 

Slide 5: Milestones Achieved

If you want your team to remain focused and continue to improve, leave no opportunity to laud their efforts. This slide helps you give credit where it is due and showcase significant milestones.

 

Operational Risk Management Milestones Achieved PPT Deck

 

ORM Pitch Deck Template

 

Slide 6: Company Objectives

How well your company’s objectives will be achieved is directly proportional to how well they have been informed to the team. You can’t expect to get a coffee if you didn’t order, and just staring at the menu won’t change things.

 

Use this slide to explain every goal your organization plans to achieve.

 

Operational Risk Management Company Objective PPT Deck

 

ORM Pitch Deck Template

 

Slide 7: Operational Challenges

This is the most critical part of your ORM pitch deck! It is where you educate your audience about your operational challenges. We have the common ones. You can edit this slide and fill it with the ones your organization faces.

 

ORM System Operational Challenges PPT Deck

 

ORM Pitch Deck Template

 

Slide 8: Company Strategy

Now that the challenges and risks have been highlighted, what remains is your company’s strategy to tackle them. This slide will serve as a specimen of how your team is supposed to work to iron out the wrinkles in your business operations.

 

Operational Risk Management Company Strategy PPT Deck

 

ORM Pitch Deck Template

 

FAQs on Operational Research Management

 

What are the five pillars of operational risk management?

The Five Pillars of Risk Management are:

 

  • Due Diligence on Compliance
  • Assessment of Service Provider Oversight and Training.
  • Contract Terms.
  • Controls & Monitoring.
  • Prompt Action to Address Issues.

 

What are the four main types of operational risk?

Operational risk has five categories: people, process, systems, external events, and legal and compliance risk.

 

Over To You

 

Evaluating operational risks, developing internal controls, and creating documentation at every step of the way can be tedious and time-consuming.

 

Use our content-ready business operations risk management pitch deck to simply the process.

If you need additional insights on framing your risk mitigation plan, here’s a blog with downloadable templates.

 

Download the free Operational Risk Management PDF.