What is the last step in the ORM process?

The last step in the Operational Risk Management (ORM) process is to supervise. This step is critical because it involves monitoring the implementation of control measures and ensuring that they're functioning as intended. Supervision entails overseeing the operational environment, actively checking that risk controls are being adhered to, and assessing their effectiveness in reducing the identified risks. It helps to ensure continuous improvement and responsiveness to any changes in the operational scenario that may introduce new hazards or alter existing risks.

The supervision step also emphasizes the importance of leadership in safety and risk management, where leaders must remain engaged and responsive to potential risks during operations. This oversight is vital in promoting a culture of safety and ensuring that all personnel are compliant with the risk management strategies put in place.

In contrast, the other steps in the ORM process, such as assessing hazards, implementing controls, and making risk decisions, occur prior to supervision and are foundational to preparing for safe operational conduct, but they do not finalize the process.