Setup Menus in Admin Panel

Risk Management Types 17

MANAGING OPERATIONAL RISK

Preventive Controls

Detective Controls

Corrective Controls

  • Avoid unfavorable outcome.
  • Train staff
  • Establish Proper system
  • Conduct proper investigation
  • Assess and monitor
  • Eliminate future occurrence
  • Review policies
  • Establish facts from guesswork
  • Prevention of future occurrence

Remember!

Preventive is primary while detective and corrective are secondary

Lheon Risk Management in Microfinance Bank eLearning

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