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14. Risk Monitoring

Risk monitoring is essential to provide assurance to managers and other stakeholders that all risks are being effectively controlled. Risk Monitoring builds on Risk Evaluation (Process 3) and Risk Control
(Process 9) to complete the risk management continual improvement loop. Effective monitoring should collect data and compare it against goals to determine if outcomes are being achieved, identify where risk controls are inadequate and initiate the necessary improvement actions. Customer satisfaction and employee perception surveys monitor the perceptions of key stakeholders. Behavioural and task observations are important to help the organisation understand how work is actually being done and to help reinforce desired behaviours in the workforce. An audit and assurance programme is required to test compliance with, and the effectiveness of, management processes.

The sub-processes are listed below:
14.1. Occupational Health Hazard Monitoring
14.2. Occupational Safety Hazard Monitoring
14.3. Process Safety Hazard Monitoring
14.4. Environmental Hazard Monitoring
14.5. Quality Monitoring
14.6. Security Threat Monitoring
14.7. Energy Use Monitoring
14.8. Material Use Monitoring
14.9. Critical Knowledge Monitoring
14.10. Community Engagement Monitoring
14.11. Perception Surveys
14.12. Behavioural Observations
14.13. Task Observations
14.14. Audit and Assurance


Risk Monitoring explained by Stuart Greenfield from DNV GL UK