Assessing operational risk

Therefore, when assessing operational various factors are considered such as the identification of the hazards sources that cause the sprouting of the risk, and assessment of the hazards being likely to cause a risk among others. When assessing the operational risks in terms of the sources it is important to consider the influences of the risk involved, such as the profiling of the threats which include thieves which are easy to assess. On the other hand, in order to assess and control an operational risk, there is need for an hazard assessment in which the problem associated to the threat is addressed and scaled for its impending risks (Newsome, 2017). There will be need of addressing the intents and capabilities of the threats found, in this case, the threats are assessed in terms of their consequences to the operation.