What is the final step in the ORM process?

In the Operational Risk Management (ORM) process, the final step, which is supervising, plays a crucial role in ensuring that the identified controls and risk mitigation strategies are effectively implemented and adhered to. Effective supervision involves monitoring ongoing operations and activities, making certain that the team follows the established safety measures and risk management practices. This step is essential for maintaining a continuous awareness of risk factors and for making timely adjustments to protocols as needed.

By providing oversight during operations, supervision helps to reinforce the importance of risk management and ensures that any newly identified hazards or changes in circumstances are promptly addressed. This proactive approach supports a culture of safety and encourages individuals to remain vigilant about potential risks, thereby enhancing overall operational effectiveness.