Risk Profiling
CHALLENGE
This steel manufacturer operates a green field integrated steel plant with 3 MMT capacity. The company faced several challenges in effectively reducing risk exposure across its operations. A lack of operational discipline in critical controls implementation led to several incidents which affected both safety and operational performance. The client engaged dss+ to help transform risk management capabilities and safety culture.
Published on Jul 17, 2021
Risk Profiling allows Major Steel Player to Contain Critical Risks
SOLUTION
dss+ partnered with the client to enhance risk management capabilities and reduce operational risk exposure.
- Joint development of a risk profile across 24 key operational processes to map high risk activities and understand risk exposure
- Identification of key gaps in the design adequacy and implementation effectiveness of existing critical controls and development of specific action plans
- Tailored competence building in risk-based thinking and safety interactions
- Extensive engagement and coaching of client personnel to identify and reduce key operational risks
- Upgrading of mitigation plans for prioritized risks incl. emergency response plan and crisis management
- Establishment of a risk management framework
- A risk escalation mechanism to proactively identify and manage new/emerging risks
- Definition of KPIs incl. leading indicators to promote a proactive approach