Managing Risks in Your Day-to-Day Operations
Operational Risk arises from failures in processes, people, systems, or external events. An Operational Risk Assessment (ORA) is a structured approach to identify and control these risks before they escalate into disruptions, losses, or safety incidents.
These risks occur across your core operations — from manufacturing and IT to logistics and service delivery. Examples include equipment failure, process bottlenecks, data breaches, and workforce errors.
BQCIS provides expert facilitation for comprehensive Operational Risk Assessments using globally recognized methods such as HAZOP and FMEA. We help map processes, identify critical failure modes, evaluate control effectiveness, and develop risk mitigation strategies to enhance operational resilience.
Key Operational Risk Activities
Key Benefits of Operational Risk Assessment
Enhanced Process Reliability
Identifying weak points across production and logistics ensures consistent, reliable operations with reduced downtime.
Reduced Operational Bottlenecks
Risk-based process mapping helps eliminate inefficiencies and prevent costly delays in key operational areas.
Improved Safety & Compliance
Systematic identification of hazards reduces incidents and strengthens compliance with occupational and safety regulations.
Operational Continuity
Proactive control design helps maintain business continuity and resilience against unexpected failures or crises.
Success Story
Operational Risk Assessment Prevents Production Bottleneck
A global manufacturer operated with a single compressed air system supporting all assembly lines. Any unplanned downtime could halt production entirely, but management lacked quantitative risk data to justify redundancy investment.
BQCIS performed a detailed Operational Risk Assessment evaluating system reliability, maintenance history, and failure modes. We quantified financial and safety risks associated with system failure, presenting a risk-based cost-benefit justification.
Based on our recommendations, management approved the installation of a redundant system during the next planned shutdown, preventing potential production losses and ensuring long-term operational continuity.