|
|
 |
|
Viewing report
|
|
|
|
Operational Risk Management Strategies for Asset Intensive Industries
Aberdeen Group, March 2011, Pages: 11
A lot has been changed in the last few years, especially the way businesses are run. The economic downturn, the collapse of the credit market, the housing meltdown, and the growing unemployment rates have all put increasing pressure on companies in every industry vertical to stay profitable in this ever changing global environment. The story has not been very different from an operational standpoint. The year 2010 saw some of the most talked about incidents such as the Gulf of Mexico oil spill, the Chilean mining accident, and the Virginia coal mine explosion.
These events have impacted businesses, stakeholders, customers, regulators, shareholders and individuals in a unique way and have highlighted the importance of establishing an effective risk management strategy. This Analyst Insight will focus on highlighting the top risks impacting asset intensive industries, specifically related to managing capital assets, importance of operational risk management strategies and the challenges behind establishing those strategies. We will then focus on the business capabilities and technology enablers that are a key to effectively execute these strategies. Executives should use the recommendation at the end of the report to enable a predictive culture in their organization and positively impact operational and financial results.
|
|
|
|
