Operational Risk Management

Maturity Model Self-Assessment Tool

Sphera helps businesses improve decision-making and performance with an integrated view of their unique risk portfolio.

Question 1 of 9

Progress: 11%

1. Enterprise Risk Management

Definition: Systems, procedures and risk assessments used by organizations to identify and plan for strategic, operational and IT risks.

Select the appropriate cell that best reflects your firms current practices for enterprise risk management.

Risk management policy, principles and techniques owned at the site or facility level. Reporting of recordable incidents to corporate HQ.

Risk management policy determined centrally with techniques and tools determined at site level. Corporate risk register in addition to recordables reporting.

Enterprise risk management framework agreed between HQ and sites. Implementation ongoing for <1 year. Includes a framework to identify and manage process-related risks (e.g. spills, leaks, fires or explosions).

Enterprise risk management framework considers process safety risks. It is agreed between HQ and sites. Implementation complete.

Enterprise risk management framework considers process safety risks. It is agreed between HQ and sites. Implementation complete. Continuous monitoring and reporting supported by an information management system.