Controlling operational risks through a SWOT study

Determine a mechanism to identify operations that may harm the organization.

1. Assess current processes:

- Review existing operations and processes to understand key activities and critical points that may pose risks.

2. Establish a risk management team:

- Form a team composed of members from different departments to ensure a global and integrated vision of risk identification.

3. Develop risk assessment criteria:

- Define specific criteria to assess operations, such as the probability of failure, potential impact, and frequency of past incidents.

4. Adopt risk analysis tools:

- Integrate tools such as SWOT analysis, root cause analysis, or the failure mode and effects analysis (FMEA) method to identify operations at risk.

5. Implement a continuous monitoring system:

- Develop a real-time monitoring system that alerts operations managers as soon as a potential risk is detected.

6. Conduct regular audits:

- Plan and execute periodic internal audits to identify new threats and adjust processes accordingly.

7. Train staff in risk management:

- Raise awareness and train employees to recognize the warning signs of a risky operation and report potential problems.

8. Implement a feedback process:

- Establish a feedback mechanism after each incident or critical operation to identify what worked or failed.

9. Document and track identified risks:

- Create a risk register documenting each identified risk, the actions taken, and the results obtained to ensure rigorous monitoring.

10. Continuously improve the identification mechanism:

- Regularly review and refine the risk identification mechanism based on feedback and changes in the operational environment.