Top 10 Operational Risks

Question 1

Top Ten Operational Risks

Answer 1

1. Complacency (trivializing and disregarding risks)
2. Blind leading the blind (overextended and underqualified managers)
3. Novices, Apprentices, and Soloists (inadequate training or cross training)
4. Dropped Batons (hand-offs)
5. Naive reliance on technology (the downsides of automation)
6. Playbooks (workflow documentation)
7. Amalgamated assignments (improper segregation of duties)
8. Reconciliation gaps (a false sense of security)
9. Reading the fine print (know thy legal entities)
10. Poor planning and slow response