Order Description
You have to read the documents which called (Technical Session Case 6 Operation Risk_ Processes.pdf) firstly. And then read and use the another three documents as the references to complete this assignment. For the question that said use your own words, which means you must use your own words to explain. Reference requires 2-3,which from the three relevant documents I uploaded. Thanks, questions are below, which is from the document called (Technical Session Case 6 Operation Risk_ Processes.pdf).
• In your own words, explain the concept of Operational Risk as it relates specifically to processes and explain the key attributes of an appropriate risk management framework.
• In your own words, summarise the key facts of the Deepwater Horizon disaster, including the timeline of events. In addition, outline in your own words comment on what risk managers should look for to prevent a natural resources exploration disaster or similar occurrence in the future.
• What lessons can be learned from the Deepwater Horizon disaster and how can these lessons be leveraged by risk managers in other organisations?
