Operational Risk Management (ORM) — application of the risk management process to operational risk. ORM treats a broader spectrum of risks than traditional risk management but a more limited set of risks than does enterprise risk management (ERM).

What does ORM stand for?

AcronymDefinitionORMObject Relational MapperORMOperations Review Meeting (various companies)ORMOperational Risk ManagementORMOutsourcing Relationship Management

What is ORM principle?

Four Principles of ORM Accept risks when benefits outweigh costs. Accept no unnecessary risk. Anticipate and manage risk by planning. Make risk decisions at the right level.