Assessing the operating risk of gold-maintaining enterprises: methodological aspect

The article is devoted to the development of a methodological approach to the assessing operational risks arising in gold mining enterprises. The importance and urgency of researching operational risks is due to the increasing role of managing this risk, as evidenced by the numerous facts of obtaining major losses that lead to the devastation of not only large but also small manufacturing enterprises. The article is aimed at the development of the author''s methodology for the qualitative and quantitative assessment of operational risks based on the rating of business processes, personnel and the functioning of systems and equipment, the application of methods of a basic indicator and a standardized method. The methodology has been developed based on the use of a systematic approach, methods and techniques of economic analysis, comparison methods, expert assessments. The results of the work of Russian scientists in the field of risk management were used in the work. It has been established that the topic of operational risks is especially relevant for gold mining enterprises, where the main risks are concentrated within the companies, and are connected more with the human factor and the organization of business processes than with the external environment. The author develops classification of sources of operational risks, proposes the scoring assessments of the probabilities of a risk event, vulnerability to the implementation of a risk event, and the severity of the consequences of implementing operational risk. A quantitative assessment of operational risk is proposed to be performed using the basic indicator method and a standardized method. The author has developed the criteria characterizing the four levels of operational risk. The developed author''s methodology for qualitative and quantitative evaluation of operational risk is universal and can be used in the risk management of industrial enterprises of other industries. The introduction of the developed methodology into the practice of risk management of industrial enterprises will help increasing the efficiency of their operation in national commodity markets.