What are "admin controls" in ORM?

"Admin controls" in Operational Risk Management (ORM) refer specifically to the policies and procedures established to manage and mitigate risks associated with operations. These controls are essential for creating a framework that guides behavior and decision-making in the organization to reduce the likelihood and impact of adverse events.

Admin controls encompass a wide range of elements, including safety protocols, operational guidelines, reporting mechanisms, and compliance with regulations. By implementing these policies and procedures, organizations can create a safer work environment and ensure that risks are adequately assessed and managed.

The other options mentioned, while they may contribute to overall risk management, do not fit the definition of "admin controls." Physical barriers and equipment checks are more about physical safety mechanisms, while training programs, while important, focus on education rather than the specific administrative policies and procedures aimed at risk mitigation.