Controlling operational risks through a SWOT study

Establish mechanisms to map internal risks.

1. Build a dedicated risk management team:

- Form an interdisciplinary team composed of members from different departments (finance, operations, HR, etc.) to ensure a comprehensive view of internal risks.

2. Identify and categorize internal risks:

- List the different types of internal risks (operational, financial, human, technological, etc.) and classify them by category for a structured analysis.

3. Select risk mapping tools:

- Choose specialized tools and software for risk mapping, such as risk matrices, Ishikawa diagrams or specific dashboards.

4. Collect the necessary data:

- Gather relevant information on internal processes, past incidents, audits and assessments to feed the mapping.

5. Assess the probability and impact of risks:

- Analyze each identified risk in terms of its probability of occurrence and potential impact on the organization.

6. Create a risk matrix:

- Develop a risk matrix that visualizes internal risks according to their probability and severity, thus facilitating their prioritization.

7. Set up a continuous monitoring system:

- Develop a system to monitor internal risks in real time, allowing the mapping to be updated regularly.

8. Train staff in risk management:

- Raise awareness and train employees on the importance of risk mapping and how to contribute to the process.

9. Conduct regular audits:

- Schedule internal audits to verify the accuracy of the mapping and identify any new internal risks.

10. Document and share the results:

- Create detailed risk mapping reports and share them with management and stakeholders for decision-making.

11. Continuously review and improve the mapping:

- Establish periodic reviews of the mapping to integrate changes in the internal environment and adjust risk management strategies accordingly.