In GRC terminology, what does ORM stand for?

The correct interpretation of ORM in the context of Governance, Risk, and Compliance (GRC) terminology is Operational Risk Management. This term specifically refers to the identification, assessment, and mitigation of risks that can impact an organization's operations. Operational risks may arise from internal processes, people, systems, or external events, and effectively managing these risks is critical for maintaining the efficiency and integrity of an organization’s operations.

The focus of Operational Risk Management encompasses various activities designed to minimize the potential impacts of adverse events on organizational performance. This includes establishing risk frameworks, developing risk assessment methodologies, and implementing policies that ensure risks are adequately addressed.

In contrast, the other options do not accurately reflect the established terminology within GRC. Online Risk Management suggests a focus on digital or web-based risks, which is narrower than the general operational context. Organizational Risk Management could imply a broader approach but is less commonly used than Operational Risk Management. Organizational Resource Management pertains to the efficient management of an organization's resources but does not align with the risk management focus inherent in GRC methodologies.