One part of the framework for Operational Risk Management is planning and planning can be broken down into the following:
Processes, Operation, and Scenario Documentation
Process Risk and Assessment Analysis
Process Risk Control Measure Analysis
Managing Changes and Updates
In this blog we will discuss the Managing Changes and Updates portion of the planning process
When the controls or changes to the business process or environment have been identified, then the next step is implementation. Depending on the corporate policies concerning controlling changes to assets, or processes, a Management of Change process might have to be started.
The Management of Change (MOC) is a way of controlling (managing) the implementation of a change. This process is very common in manufacturing environment where there are multiple factors that can influence and impact a change. A change to a process or asset can have significant impact on other processes so further assessments are usually carried out to identify these impacts. Once these impacts are identified and understood, additional actions (changes to processes or assets) might be required. It is only when all these aspects are understood, and documented, that the changes are approved and implemented.
Figure 1 Example of a Management of Change Work List
This posting is the tenth of a series of blogs discussing various factors of operational risk management as it pertains to manufacturing organizations.
Please feel free to comment and discuss this series.