Which of the following describes the final step in the ORM process?

The final step in the ORM process is monitoring and evaluation. This step is crucial because it involves assessing the effectiveness of the risk controls that have been put in place. It's not just about implementing controls but also ensuring that those controls work as intended over time. Continuous monitoring allows for adjustments to be made based on new information or changes in circumstances, ensuring that risks are managed effectively throughout the operation.

While implementing controls is a vital part of the ORM process, it isn't the final step. The process emphasizes that risk management is ongoing, and without monitoring and evaluation, one cannot truly determine the effectiveness of the controls put in place. Therefore, the final step is essential for completing the feedback loop that informs future ORM efforts and decisions. This ensures a proactive approach to risk management, promoting safety and efficiency in operations.