Assessing the operational risk of the grid can effectively understand the weak links in the grid for the sake of ensuring the safe and stable operation of the grid. Based on the risk theory and combined with the particularity of the distribution network, it is necessary to analyze the operational risk and establish the calculation model of operational risk. The existing risk assessment characteristics are illustrated, and the risk assessment algorithm applicable to the distribution network is selected. The algorithm is applied to the risk index of scheduling decision taken the typical feeder distribution system as an example to prove the practicability and manipulability.