What is the initial step in the five steps of deliberate ORM?

The initial step in the five steps of deliberate Operational Risk Management (ORM) is to identify hazards. This step is critical because it lays the foundation for all subsequent actions in the ORM process. By recognizing and understanding the potential hazards associated with a task or operation, you can make informed decisions about how to manage or mitigate those risks effectively.

Identifying hazards involves a thorough examination of the environment, tasks, equipment, and the people involved. This proactive approach enables individuals or teams to gain a comprehensive understanding of what could potentially go wrong, thereby providing vital information that informs risk assessment and the development of controls to mitigate those risks.

After hazards are identified, the next steps in the ORM process can be undertaken, including assessing those hazards to determine their potential impact and the likelihood of occurrence. Having a clear and accurate identification of hazards is essential for a successful ORM practice, ensuring that risks are managed effectively to maintain safety and operational effectiveness.