What does the term 'implementing controls' emphasize in the ORM process?

The term 'implementing controls' in the Operational Risk Management (ORM) process emphasizes the importance of effectively communicating the plan and assigning responsibilities to support that plan. This step is crucial because it ensures that everyone involved understands their roles and the actions required to manage identified risks. By clearly communicating and assigning tasks, teams are better positioned to execute strategies that mitigate risks and enhance safety effectively.

The process of implementing controls involves not only outlining what needs to be done but also ensuring that all team members are aligned and aware of their specific contributions. This communication fosters accountability and facilitates coordination, which are essential for successful risk management. Effective implementation of controls can lead to improved operational efficiency and a stronger safety culture within the organization.