What is the primary purpose of supervising ORM?

The primary purpose of supervising Operational Risk Management (ORM) is to conduct follow-up evaluations of controls. ORM is designed to identify, assess, and manage risks in operational environments. Once risks are identified and controls are implemented, it is crucial to monitor and evaluate these controls to ensure they are effective in mitigating the associated risks.

Regular follow-up evaluations allow personnel to assess if the implemented controls are functioning as intended and to determine if any adjustments or improvements are necessary. This ongoing supervision is a vital component of maintaining safety and operational effectiveness, as it helps to adapt to any changes in the environment or operations that may influence risk levels.

While training personnel in safety, initiating new safety protocols, and aiming to eliminate risks are important aspects of a safety culture, they do not encompass the primary purpose of supervising ORM, which is focused specifically on the evaluation and effectiveness of existing risk management measures.