Which step in ORM involves continuous monitoring of operational risks?

The step in the Operational Risk Management (ORM) process that involves continuous monitoring of operational risks is the one related to supervision and review. This phase is essential because it ensures that the controls and measures established to mitigate risks are not only implemented but are also effective throughout the duration of the operation.

During the supervision and review stage, individuals responsible for managing operations regularly assess the ongoing situation, looking for new hazards or changes in existing risks that may arise due to the dynamic nature of operational environments. This proactive approach allows for timely adjustments to risk controls, ensuring that safety and mission success are maintained.

By continuously monitoring, teams can identify whether existing measures are working as intended or if modifications are necessary based on new information or changing circumstances. This stage ensures that ORM is not just a one-time event but an ongoing process, integrating risk management into daily operations.