Risk Self-Assessment Exercise (Run & Monitor Operations) (PDF)

A Risk Self-Assessment Exercise is a process of evaluating an organization's Risk Management practices and identifying areas where improvements can be made. It typically involves reviewing the organization's current Risk Management processes and procedures, identifying any gaps or weaknesses, and developing recommendations for improving risk management practices.

A Risk Self-Assessment can be conducted internally, by the organization's own staff, or it can be conducted by an external party, such as a consultant or a third-party Risk Management firm.

The goal of the Risk Self-Assessment Exercise is to help an organization identify and address any weaknesses in its risk management practices, so that it can better protect itself against potential risks and threats.

This Risk Self-Assessment Exercise is 38-page PDF based on a specific process: Run and Monitor Operations. The objective of this process is to proactively monitor, identify, and fix operational incidents and potential incidents before they adversely impact users. It includes 9 key steps (or subprocesses):

1. Initiate short term operational schedule
2. Complete short term operational schedule
3. Monitor operational events
4. Identify operational trend data
5. Any events of trends require action by other processes?
6. Handle cross process requirements
7. Prepare operational reports
8. Provide operational status
9. Perform ongoing process activities

This process and all subprocesses are described in detail within this Risk Self-Assessment Exercise document, including detailed process maps.