METHODOLOGICAL FRAMEWORK FOR OPERATIONAL RISK ASSESSMENT
METHODOLOGICAL FRAMEWORK FOR OPERATIONAL RISK ASSESSMENT

Author(s): Josef Melichar
Subject(s): Politics / Political Sciences
Published by: Carol I National Defence University Publishing House
Keywords: risk assessment; impact; probability; impact area; risk identification; risk prioritization; capability gap;
Summary/Abstract: The article offers a methodological framework for systematic and rigorous risk assessment in an environment with high uncertainty while applying capability based planning. The article focuses on determining risks inherent to the defence planning process and offers tools and techniques suitable for implementing operational risk assessment.The Operational Risks Assessment Methodological Framework (ORAMF) represents a Framework for use of a proven protocol for writing risk statement – a “Condition-If-Then“construct. The article discusses utility of the “Common approach“ and the “Impact averse approachˮ to the risk assessment and risk rank-ordering as a basis for risk prioritization.Utilizing the ORAMF and the given protocol for producing risk statement together with the Impact averse approach to ordering risks represent a tool set for reinforcement of the defence planing.

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