Operational risk management is a continual cylic process that involves assessment of risk, risk decision making and execution of risk controls. it is a five step process and it is often used in planning. the five steps include identifying the hazard. hazard is anything with the potential of causing harm. the second step is assessment of hazard. this is followed by making risk decisions and fourth step execution of risk controls and finally supervision.
The primary difficulty is the fact that we do not know all of the organisms that currently exist in the world along with those that existed in the past.
