Which step comes last in the ORM process?

In the Operational Risk Management (ORM) process, the last step involves supervising operations. This step is crucial as it ensures that the controls and risk mitigation strategies that have been implemented are functioning as intended. Through effective supervision, personnel can monitor for ongoing risks, verify that all safety measures are being adhered to, and make any necessary adjustments to operations to maintain safety and efficiency.

Supervision allows for continuous oversight during the execution of operations, ensuring that potential hazards are identified in real-time and that any changes in conditions are addressed promptly. This follow-up is vital because it reinforces the effectiveness of the ORM process by confirming that actions taken are appropriate and that any new risks are managed adequately. Implementing controls, assessing risks, and identifying hazards are all essential steps that precede supervision and lay the groundwork for conducting safe operations.