Which tool is commonly used to assist in ORM processes?

The Risk Assessment Matrix is a vital tool in the ORM process because it provides a structured framework to evaluate and prioritize risks associated with a specific operation or activity. It visually represents the likelihood of a risk occurring against its potential impact. This tool allows personnel to categorize risks into levels (e.g., low, moderate, high) and identify which risks require immediate attention and management.

Using the Risk Assessment Matrix facilitates decision-making by helping individuals and teams to visualize potential hazards and their consequences, leading to informed choices about implementing control measures. This systematic approach helps in mitigating risks effectively while ensuring that all aspects of the activity are considered.

While tools like SWOT Analysis, Performance Review Charts, and Project Management Software can support various aspects of operational planning and evaluation, they do not have the specific focus on risk management that the Risk Assessment Matrix provides.