A Live Picture of Organisational Risk -Integrating Risk Management
with Control Assurance
Alex Apostolou Jodi GoodallMeercat Incitec Pivot Limited
Safety in Design ConferencePerth 2015
Incitec Pivot Limited
Fatality Risk Programme Mk. 1
Objectivesq Identify Site fatality risksq Identify Critical Controlsq Develop Assurance programme
for Critical Controlsq Leverage existing systemsq Based on industry approach
EnterpriseRisk
Management
Fatality Riskmanagement
Critical ControlAssurance
Initial Fatality Risk Process
Initial Deployment PlanTaxonomy/Existing Risk Registers
List of Material Unwanted Events
Draft Master BowTies
SME Workshop
Master BowTies
Site BowTie Workshops
Site BowTies
Site AssuranceProgramme
Initial Deployment Experience
1. Getting site people to own the risk process was incrediblyimportant and rewarding
2. You can always learn something from a Site – how do wecapture this?
3. No two sites are the same …language, acceptance,knowledge, history
4. Customising = resource waste $ and time, no data rollup
5. Duplication
Leverage
BowtieMethodology
32 unique fatal risks168 unique critical
controls
Sustainable Global ControlMonitoring and Assurance
1,600 fatal risks5,400 critical controls
Building in the Leverage• Standardise:
– Fatal risks– Critical controls– Performance standards
• Link bowties into assurance program
StandardCriticalControl
Real time benefits
Ø A change in the Assurance result for one criticalcontrol …
Ø Changes the control effectiveness for all usages ofthat control …
Ø Therefore changes the risk rating for all related risksin the register
Linking assurance to risk
Fatality Risk Programme Mk. 2Objectivesq Identify common fatal risksq Identify Critical Controlsq Develop Assurance programme for
Critical Controlsq Based on ICMM approachq Standardisationq Shared learningsq Leverage existing systemsq Live risk profile to aid decision-
making on risk reduction
EnterpriseRisk
Management
Fatality Riskmanagement
Critical ControlAssurance
Establishing the Global Context
Fit Bowties to Site Conditions and Culture
Assurance activities
Live Roll-up of Data
Evaluate, Act & Notify
Site User Dashboard
OutcomesSetup Perform
Global and Site ActivitiesMaster
Bowties
MasterCritical
Controls& Perf Stds.
SetupSite
BowtiesSite RiskReviews
Site CriticalControl
Inspections
FTEs 1 0.5 2 4 2FTEs for
Setup/Perform 3 6
FTEs first Year 9FTEs following Years 6
Savings First Year Savings Subsequent Years
31 FTEs 13 FTEs
Other Benefits• Reduced training requirement
• Reduced data management and administration:
• Common Assurance Worksheet format eliminating errors;
• real-time hierarchical roll-up of risk exposure across the company;
• all actions correctly validated prior to submission;
• automated follow-up of overdue Activities and Actions;
• off-line Worksheets deliver data entry without rekeying;
• reporting: all statistics and reporting was updated automatically.
• Reduced program management through the use of Templates.
• Improved business process standardisation.
• Streamlined processes for measuring and reporting on KPI’s.
• Improved visibility over control budgeting and planning.
Questions