Effective operational risk management starts with identifying hazards. By managing these hazards, conducting risk assessments, and automating critical processes, organizations can enhance their risk management efforts. This approach provides a comprehensive view of potential risks, ensuring significant hazards are analyzed and appropriate controls are applied. It allows for both a global perspective and detailed local analysis, ensuring no significant risk is missed.

HIRA Management Module simplifies risk management processes, enabling effective monitoring and ongoing improvement. By keeping a thorough record of identified hazards and the strategies implemented to manage them, organizations can ensure they adhere to regulatory requirements and industry standards.