Thank you, Kim. Take the first step in transforming your business safety culture and speak with one of our solutions experts today. Because theyre usually controls there, they just didnt have often operating procedures or good training programs etc. Is the control crucial to preventing the event or minimizing the consequences of the event? Most organizations do not set up their budget or risk mitigation objectives. Is that the only controllers are backed up by another control event if the first fails? They proactively look for risk and invest in the controls to manage those risks and maximize their opportunities. Our Control Based Risk Management Framework can help you to do this effectively and relatively quickly. Monitoring is an integral part of the 'monitor and review' stage of the risk management process. Having worked with the ISO for many years, I highly recommend that you use ISO standards whenever possible. The relationship is shown in the diagram below: The next step - control criticality It needs to be recognised that not all of the controls associated with the Severe consequence risk will have the same impact to reduce or maintain the level of the risk. Critical control management is an integral part of risk management that focuses on identifying and managing the controls that are critical to preventing catastrophic or fatal events. Hard choices must be made when industries are facing downturns. Framework Model. The purpose of any work done on critical risks is to identify and verify the critical controls, so you can be sure that your big risks are being managed effectively. Users want the flexibility to have information at their fingertips. You can see the listing of threats and the current state preventative and recovery controls. The principle of identifying critical risk control measures for workplace activities is well established in high risk industries, such as mining, chemical and offshore, and for food safety in the form of Hazard Analysis Critical Control Points (HACCP). Maybe just repeat the question. Risk culture refers to the values, beliefs, attitudes, and understanding about risk shared by people across the organization. Conclusions. Global Critical Risk Manager, -Preserving personnel and material from risk. Here at Privva, we are experts in streamlining the risk management process from sending to scoring for best results. The Library Module is a collection of Forwood created content such as critical control questions and pictograms that are set-up to support risk and critical control verifications, significant incidents or fatality events. So more mature companies assign a new miracle value to the different categories of controls to ensure that the risk owners can then properly downgrade a level one risk to a level two risk, using a list, controls that are lower in the hierarchy. Critical Risks and their critical controls are verified using simple checklists and tools. It brings a number of critical security controls to a "plain English" level that hopefully less sophisticated organizations can use as guidance for building their security controls. Now if you operate a business, theres always a new risk and this simple slide makes the point that there are trade-offs and management gets paid to determine the companys risk tolerance. Risk Management Plan (RMP) A Risk Management Plan is a written document that outlines the risk management process for a particular medical device. Good morning or good afternoon, everyone. For example, it might be waste management generation or shipment records, air or water monitoring records. Kim: We have another question here. So Nimonik is a software service that provides EHS managers with the tools necessary to ensure environmental, health, safety and quality compliance in their operations. Okay. In this case, the likelihood of a worse case increases. Kim: Yes. Full-time risk professionals with the RIMS-CRMP certification earn $16,000 more annually than non-RIMS-CRMP holders.*. Download CIS Controls V8. HSE Global consultants can facilitate bowtie risk control analysis workshops drawing down on input from your relevant subject matter experts (those that do the job). And in all the cases you pick the receptor thats going to have the highest risk rating. Canada (Head Office)5445 Av. It is important to show both inherent risk and residual risk especially for your level one risk, because if all you ever do is present to management your remediated level two or three risks, you in fact mask what the biggest company risks are and you may not focus on the efficacy of those more critical controls. Whats the recovery control? So Im happy to say that we have attendees from all over the world joining us today. Knowing which activities in your business have the biggest potential to harm your people and more importantly, understanding if these risks are well controlled is pivotal to creating a safer workplace. Todays webinar will cover how leading companies utilize their risk management business processes to identify their biggest risks and associated critical controls. And you know, for our hazardous operations we did, the corporate team did deep dive service three years, but again it wouldnt be all 18 ones, it wouldnt be all 700 [49:48] process safety requirements, it would be focused to dive on critical controls, critical elements with the organizations own self-assessments should happen annually, were indicating weakness or we want to follow up on effectiveness of mitigating measures that they put in place. In fact I actually did a whole audit on the capital allocation process because it was not consistent across the company and what I was seeing in audits was year after year deferral of resource allocations associated with level one risks, which of course put the company into a deeper and deeper and deeper liability hole. Perfect. Critical Risk Management (CRM), a full end to end fatality prevention solution, Copyright 2022 - Forwood. But yeah I knowits really a case of how the company is deciding to allocate those resources based on its risk appetite and tolerance. So the question goes. But in many ways its common sense. It is an important process in most organisations and critical for the effectiveness of risk management and control assurance. CIS Controls Version 8 combines and consolidates the CIS Controls by activities, rather than by who manages the devices. So I would also suggest that you consider the potential consequences of non-compliance as an input to your legal registry as well. You would be familiar with Prerequisite Program (PRP) and Critical Control Point (CCP) which stems from HACCP (Hazard Analysis and Critical Control Point), a risk assessment management tool designed by the Pillsbury Company in collaboration with NASA in the 1960's to help identify specific hazards within processes, determine their . It could be seatbelts, it could be inherently safer design for the vehicle. He subsequently led a group of specialists on behalf of the Federal and Territory governments that provided two years of oversight of the Ranger Uranium Mine after a significant spill inside one of Australias largest national parks. Forwood CRM became a common glue that helped people from different regions talk about the same risks and controls with the same language and the same conventions. Capital allocation and operating cash allocation. Does the control properly mitigate the identified risk - control design; and. What is the risk inherent in driving? So we developed a role in five to seven year audit plan which ensured the coverage of the companies, 51 auditable units around the world with higher risk operations. And the second quote is You cannot find what you do not seek. Program Overview Learning Objectives TARGET AUDIENCE REQUIREMENTS LEARNING METHOD HSE Global can help you understand your risks from both a data analysis and people focused perspective and then determine what is critical and what is not from a risk and control perspective. Kim: Great. Critical Control Management, Risk Management. And if they had, perhaps those controls might have been audited and disaster reverted. I also find that you find a lot of orphan children work, people dont actuallytheres nobody whos been assigned to manage a particular risk or a particular control. The CIS Controls (formerly known as Critical Security Controls) are a recommended set of actions for cyber defense that provide specific and actionable ways to stop today's most pervasive and dangerous attacks. Lets look at an example of a completed bow-tie for a fictitious east coast marine operator, looking at the potential release of a product to a waterway. Our Control Based Risk Management Framework helps organisations do this effectively and effciently. He managed the ISO committees that developed the ISO 9000 and ISO 14000 standards. Learn about Implementation Groups. And it also includes requirements to ensure that your organization has evidence, that it keeps this information up-to-date and that it is operating in compliance. His background in the mining industry provides a strong understanding of business operate in high risk industries and with variable market conditions. This course will be held via Zoom through two half-days (3.5 hours each). These are the basic measures all organizations should implement as a means of basic cyberdefense. So I hope theres no one from BP on the line. Those can include simple things like brainstorming, field level risk assessments, job safety analysis, What-if, HAZOP, Failure mode effect analysis (FMEA), PHAs (process hazard analysis), layers of protection analysis. For example, the electronic industry moving from using hazardous solvents to clear a circuit board to a water-based cleaning system. So if you answered yes to most of those questions, then that helps determine whether the control is critical. Understanding your critical risks and verifying that critical controls are in place and working effectively are key due diligence obligations for Company Officers and are the foundations for keeping your people safe from serious harm incidents. Using our extensive industry experience, we can help your teams: Forced scheduled passwords updates. But most people report through to an EHS vice president who often reports through either to Health and Operations VP or perhaps an HR VP. Perhaps the most critical and foundational element in the management system framework addresses the business process for risk identification and management. Group Bookings: For Group Bookings, please contact us via email on events@rmia.org.au or by phone on 02 9095 2500. It can be tempting to believe that a control is effective, despite having no evidence. So as you saw in that hierarchy we asked, tried to develop an enterprise risk management program, and where we had risk inventories at the front line, driving through the risk registries at the VP level, driving through to a list of principal risks at the executive and board level, and looking at what those level one risks were that in aggregate constituted came together to be a principal risk and even within those which were the highest level one risks, as we designed our audit program. By definition, controls are the people, processes, and solutions that prevent, detect, or correct the issues caused by unforeseen or unwanted risks. If you have good risk and control data, you will have better information to help you allocate your scarce resources against the right opportunities and your highest risks. What is a mitigating control? So multiple multiple things have to fail in a [29:46] usually for really bad incidents to happen. Join us to explore an approach that helps ensure your leaders have the right risk information they need to make good decisions. A risk management or full cybersecurity program: . So now to present this topic to us today, we have John Wolfe, a Nimonik partner and owner of Management Horizons. A collision, of varying severity. The most common idea of what ORM is revolves around a simple five-step process that is most frequently used in planning, or at the Deliberate Level. The output of a HACCP process is a list of critical control points for management of risk. By proportionately focusing on these critical risks and critical controls, you can create a manageable program of work that not only keeps people safe, but gives assurance that you are managing the material safety issues. Theyve updated it since, but its still quite valid. The element dealing with audit and assessment. He outlines the value of an ISO conforming integrated HSEQ (Health, Safety, Environment and Quality) management system framework and provides a high level look at three elements in particular : Special emphasis is placed on looking at the interaction between these elements, especially in the identification of high consequence regulations, level 1 risks and critical controls as inputs to a risk based auditing program. Third question here. In the presentation below, Nimonik Partner John Wolfe, shares some of the lessons learned about business processes in these areas. Risk management is critical to effectively managing your organisation but takes time and commitment to get it right. In his time at Noetic, Matt has worked with companies, regulators and public sector agencies to clarify their risk management arrangement. But lets start with the safety moment. John: No. Theres a dashboard, or theres a new report that will answer their questions, so they can focus back on their work. The Forwood Critical Risk Management system (and supplied critical control questions) are recognized as a benchmark in industry. The second is its absence or failure would significantly increase the risk despite the existence of other controls. Forwood can accommodate more languages as required by the client. John: Annually at a minimum. A crucial part of the Critical Risk Management system is designing fit for purpose tools to engage the workforce. This guide will present the seven principles of HACCP in the context of the ICH Q9 defined quality risk management process consisting of Risk Assessment, Risk Control, Risk Review and Communication. And again Nimonik can show you lots of good examples and help you develop a good legal registry and in fact provide audit protocols for those situations where you do not have good existing evidence of compliance and/or you want the added level of assurance that an audit provides. So what are the protective layers? This approach helps identify, analyze, evaluate, and address threats based on the potential impact each threat poses. 1.1 Usage The Hazard Analysis and . So we would use the lens of the OEMS. Looking at major operational risks and control reviews. Its a common problem across most organizations and its definitely an auditable business process. John: A three by three I think is perhapsthats probably suitable for a very simple not complex organization. Does it address multiple cases or mitigate multiple consequences of the hazard? How do you audit them? Cybersecurity risk management is a strategic approach to prioritizing threats. How often do you update your risk registry? I dont know where your organization stands, but think how much more competitive you could be if you could apply those resources to things like new equipment, R&D, Marketing. SANS supports the CIS Controls with training, research, and certification. So there are lots of good examples of effectively designed legal registries, but at a minimum they should document What is the requirement that were looking at?, How, why and where is it applicable in your operations?, Who is responsible for demonstrating compliance? At Suncor we had one, I think it had about 60 data fields that you could turn off and hide and come down to about 10 or expand depending on the level of sophistication that you wanted and it went right down to individual [22:45], it went right down to individual controls based on a higher [22:52] controls from engineering down to PPE, and it also went all the way to future residual risk. All of them are pretty much built on the plan, do, check, act improved model that was developed by Deming back in the early 1980s and its now used by millions of companies around the world. It remained shocking to me that 60% of all operational losses result from preventable causes and 80% of incidents are in fact repeat incidents and then up to 30% of an organizations costs are [04:02] wasted fixing the same issues. It focuses on effective critical controls to prevent and mitigate those rare but potentially fatal and major unwanted events. The BP spill provides a great example of the Swiss Cheese Model of critical control failures. Clients have access to the Forwood CRM Support Desk, which tracks all tickets. Kim: Great. They do not prioritize control implementation, leaving it up to the organization to decide the level of importance for each control. Examples include: The Administration Module provides super users and site admins the ability to manage the Critical Risk Management system in real-time. Kim: Perfect. In addition, the hazard may not pose a risk at all if its not encountered or it may be reduced in severity and likelihood through control treatment, i.e. Step 4. Thank you. So I would say in the best companies it is very much a collaborative process. HSE Globals approach isnt just about the mechanics of risk management, it is actually about the people side of managing risk, Stephen Esposito, GM Operations, Ravensdown NZ, Critical Risks and Controls are known and. And there might only be 12 of those, but we were looking for a direct line aside between those level one reset the principal at the executive level to all the level ones and higher level twos that generated it across the business. Or the organization that I work for Suncor that lost hundreds of millions of dollars a few years ago in shutting production because it actually failed to install a piece of pollution prevention equipment, that instead it worked in a [10:56] application. Well, all organizations should operate at a minimum in regulatory compliance. Alcoa Corporation. And then how to utilize various insurance processes, such as audits and assessments to assure the efficacy of these controls. Key elements include: Forwood is a Technology Partner with Amazon Web Services and all cloud hosting infrastructure is deployed on AWS. Internal audit professionals can implement critical control monitoring by confirming new and existing key risk areas, identifying and agreeing on critical controls and implementing continuity procedures to ensure continued operation. A traditional risk assessment might list 20 controls for a risk, buta closer inspection might show that 18 of those controls do very little to detect and prevent a risk event or mitigate its consequences. Lets look at this slide using the example of driving a car. Suncor utilized the 6 by 6 matrix with consequence ratings ranging from 1 to 6, ranging from minimal impacts to catastrophic impacts, running horizontally and likelihood readings, 1 to 6, ranging from very likely to extremely rare, running vertically. In discussion with the risk and control owner, they pretty much should know what are the critical controls, they should have a good idea and its their responsibility to have data, to show that those controls are working with efficacy. So please feel free to give us a call or send us an e-mail for more info. and What evidence do you have that you are in fact operating in compliance? It is a critical document in MDR (Medical Device Reporting) documentation as per 21 CFR Part 803 to obtain CE (European Conformity) marking for medical devices, indicating that the medical device manufacturing process, procedures, and practices meet . How do you get buy-in and data quality? Brittany Corsini, Consultant:Brittany has had a strong involvement in the communication and implementation of the Critical Control Approach throughout her time at Noetic. A critical control is so essential to the risk mitigation, that without it the residual risk would be higher than the level of risk tolerance. By proportionately focussing on these critical risks and critical controls, you can create a manageable programme of work that not only keeps people safe, but demonstrates to your key stakeholders that you are aware of and are managing the big safety issues. This particular slide shows one that Suncor used a number of years ago. So when you look at your risk registry and youve got a level one risk, what should you be looking for in terms of control adequacy, well the nature and depth of the control should be commensurate with the financial consequences. Wearing an approved DOT helmet while riding a motorcycle. Another question here from James. The scope of Line 1 assurance extends across the whole organisation and its activities. Person (s) with the competence and authority to make appropriate and timely quality risk management decisions. Or you could choose to move, to adjusting time inventory and cut back on the storage of hazardous toxic or explosive materials. Is the control process properly carried out - control efficiency. So consequences of course vary based on speed, number of persons, property impacted and the likelihood varies on the number of people that are actually driving and a whole series of other things. It really contains the best thinking from around the world and you can always go beyond the requirements where it makes business sense. I suggest that you start with your own level one inherent risk controls and work your way down the food chain, recognizing again that the frontline risk control owners have that ultimate responsibility. Each Checklist serves multiple purposes: Attributes of critical control verifications and evidence of failures (such as pictures) can be recorded. Kim: Great. we remove the ice through heated steps covered walkway, or we add some salt and hand railings and a proper footwear policy and provide safety training on slips, trips and falls. The 18 CIS Critical Security Controls Formerly the SANS Critical Security Controls (SANS Top 20) these are now officially called the CIS Critical Security Controls (CIS Controls). John: No. Talk to us about integrating our client support services into your help desk. Why is that? We call this list a Risk Inventory or a Risk Registry. Most companies I think in the future will in fact have an integrated system. This will include use of the breakout room functions to simulate table group discussions. And the inherent risk without controls is high both in terms of likelihood and consequence. And there are again many templates available to capture your data, but I have a minimum. Using our extensive industry experience, we can help your teams: Control Based Risk Management Key takeaways: Verifying critical control effectiveness Unintended consequences Solution focus approach to CCM Watch The Video View The Slides In other words, if it appeared in multiple places on the bow-tie or in a number of bow-ties, this may indicate its a critical control. This provides an easy way to prioritize and justify the actions needed to invest in additional controls. The next in the hierarchy are administrative control such as operating procedures and training and of course the last resort and least effective is personal protective equipment. And then the third line of defense is the corporate audit team which I suspect most of the people on the line are. They are the first line of defense and they need evidence that the controls are adequate in terms of the nature and depth and working properly. Managing third-party risk is a critical part of maintaining top-notch cybersecurity. And too much data, too many controls to consider takes away the focus of management on oversight activities and resourcing activities. If that flows logically then you have things right, if you have . Use this guidance to focus on the most important SCRM controls. So lets take a look at what constitutes a good Management System Framework. And on the right hand side of the page, the recovery preparedness controls and potential consequences. Our Control Based Risk Management Framework can help you to do this effectively and relatively quickly. Checklists are designed to test critical control integrity and availability. In any case, this element is one of the foundations of an operationally excellent management system. Kim: Yes, sorry. And a good legal registry will provide a framework to capture that important data because youll know exactly what you had to be in compliance with, or compliance to, youll know who is responsible for doing that, youll know what controls you had in place and youll know what evidence that youve got to support those claims. Building the risk inventories and registries looks like a lot of work. This includes undertaking an audit on behalf of the Board of a global mining major on its process safety risks and the implementation of critical control management. An RMIA Virtual Course in partnership with Noetic Group. So loss of a certification is something very simple. She has demonstrated her ability to provide guidance and advice regarding effective risk management practices through her project work with various government clients. These commitments are usually [08:24] some form of legal registry. The International Council on Mining and Minerals has a really good book that you should look, you should get, it talks about critical controls and they have a great slide in their guide which talks about kind of the definition of what a critical control is. But the ones that were going to look at todaysorry, nothing like 100 requirements. As you heard from Kims introduction, my particular expertise lies in the fields of health, safety environment and quality management systems, risk management and audit. John: Its usually a collaborative process depending on the nature or degree of independence that youve been granted. It will help you describe risks to your senior executive, enabling them to focus their attention on what really matters It will help you to reduce the number of unnecessary and unused risk documents and artifacts It will help you be more successful by focussing your effort on ensuring that the critical risk controls are effective Additionally, Significant Incidents and learnings can be tracked. This usually involves generating evidence in the form of records or reporting a performance. Once companies have covered off base line regulatory compliance, they must embark on a journey to reach operational excellence. 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