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OP RPM Form 110 (Rev. 01/2005) Date Notice Posted (OP RPM use only) UNIVERSITY OF HAWAII I NOTICE OF SOLE SOURCE Item(s) to be purchased: Description and quantity of item(s): Qty. Description Party
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OPRPM stands for Operational and Performance Risk Management. It is a framework that helps businesses identify, assess, and mitigate operational and performance risks.
Businesses in high-risk industries, such as finance, healthcare, and manufacturing, are typically required to file OPRPM reports. However, specific requirements may vary depending on the jurisdiction and regulatory bodies.
To fill out OPRPM reports, businesses need to gather relevant data on their operational and performance risks, analyze the data, and document their risk mitigation strategies. The specific process may vary depending on the organization's internal procedures and compliance requirements.
The purpose of OPRPM is to help businesses identify, assess, and mitigate operational and performance risks that could negatively impact their operations, reputation, or financial stability. It aims to improve risk management practices and enhance overall organizational resilience.
The information reported on OPRPM can vary depending on the industry and regulatory requirements. However, it typically includes a comprehensive analysis of operational and performance risks, risk mitigation strategies, incident reports, and key performance indicators.
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