Continuous improvement in operational risk management requires a new approach to collaboration and technology
Operational risk management (ORM) is rapidly evolving. Operational and technological innovations are disrupting industries, and societal and market changes are pressuring leadership to rethink how they structure and operate to mitigate risk.
Traditionally, enterprise risk has been managed across departmental silos with little collaboration or coordination between working groups. Subject matter experts in environment, health and safety (EHS); security; asset protection; quality; sustainability; human resources; and real estate manage their own areas of risk. But this traditional approach is showing its limitations as corporate leadership and markets become more sensitive to sustainability and reputational risk.
We explore how more collaboration and engagement across organizational functions can drive a more effective and efficient ORM program, and how EHS leaders can help lead this transformation.
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