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One part of the framework for Operational Risk Management is planning and planning can be broken down into the following:

  1. Processes, Operation, and Scenario Documentation
  2. Process Risk  and Assessment Analysis
  3. Process Risk Control Measure Analysis
  4. Managing Changes and Updates  

In this blog we will discuss the Managing Changes and Updates portion of the planning process

When the controls or changes to the business process or environment have been identified, then the next step is implementation. Depending on the corporate policies concerning controlling changes to assets, or processes, a Management of Change process might have to be started.

The Management of Change (MOC) is a way of controlling (managing) the implementation of a change. This process is very common in manufacturing environment where there are multiple factors that can influence and impact a change.  A change to a process or asset can have significant impact on other processes so further assessments are usually carried out to identify these impacts.  Once these impacts are identified and understood, additional actions (changes to processes or assets) might be required. It is only when all these aspects are understood, and documented, that the changes are approved and
implemented.

Figure 1 Example of a Management of Change Work List

WorkList.png

This posting is the tenth of a series of blogs discussing various factors of operational risk management as it pertains to manufacturing organizations.


Please feel free to comment and discuss this series. 

Part 1:Are you heading for disaster by not managing your risk?

Part 2:Operational Risk Management (ORM), do I need it?

Part 3:Fines, Penalties, Safety Improvements, part of doing business or something to be avoided?

Part 4:Managing Risk – There is help out there.

Part 5:Operational Risk Management: A needed framework

Part 6:ORM- Framework – Governance

Part 7 ORM- Framework – Planning

Part 8ORM Framework – Planning – Process Risk and Assessment Analysis

Part 9 ORM Framework – Planning – Process Risk Control Measure Analysis

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