OPERATIONAL RISK MANAGEMENT
Make risk visible. Make controls accountable.
Operational risk assessment, critical-control reviews and reporting that connect risk decisions to plant conditions.
THE ENGINEERING QUESTION
A scope built around
your decision.
A risk register should help a team decide what needs attention and why.
At Alexergy Engineering, we help define operational scenarios, assess the controls in place and translate findings into prioritised actions with clear ownership.
HOW WE CAN HELP
Operational Risk Management capabilities
Operational risk assessments
Define the activity, operating conditions and decision being assessed. Examine credible scenarios and existing controls with the people responsible for the work.
Risk workshop facilitation
Structure discussions so causes, consequences, controls and uncertainty are recorded consistently. Make assumptions and differences in judgement visible rather than hiding them in a single risk score.
Critical asset and control assessment
Assess how asset condition or control failure could affect the operation. Clarify the control function, ownership and evidence used to judge its effectiveness.
ALARP demonstration support
Support evaluation of further risk-reduction options and the evidence needed for an as low as reasonably practicable (ALARP) demonstration. The applicable decision criteria are established for the specific facility and scope.
Risk registers and action planning
Develop records that connect scenarios to controls, responsible people and improvement actions. Distinguish existing safeguards from proposed measures that are not yet implemented.
Risk dashboards and reporting
Develop reporting that makes overdue actions, control-assurance gaps and changes in exposure visible. Use indicators tied to the decisions the operating team needs to make.
Useful starting information
- Activity or asset being assessed
- Existing risk registers and assessment criteria
- Control descriptions and assurance records
- Operating restrictions and recent changes
- Incident, inspection and maintenance findings
Typical deliverables
- Structured risk assessment records
- Control gaps and evidence requirements
- Prioritised recommendations and action owners
- Updated risk registers
- Decision-focused reporting or dashboard requirements
ENGINEERING IN CONTEXT
Separate the control from the evidence
A control recorded in a risk register may be well defined but poorly verified. Asking who owns it, how its performance is checked and what happens when it is unavailable helps turn a static register into a practical operating tool.
COMMON QUESTIONS
Before we begin
How is operational risk different from process safety?
Process safety focuses on major hazards arising from hazardous processes and loss of containment or control. Operational risk can also include asset reliability, work execution and production continuity. The scopes overlap and should be coordinated.
Can an existing risk register be improved without starting again?
Yes. A review can focus on unclear scenarios, unsupported control claims, inconsistent assessment criteria and actions without ownership. The work should preserve useful existing information.
What makes a risk dashboard useful?
It connects indicators to decisions. Examples include overdue control checks, unresolved assessment actions and changes that affect an operating restriction, with enough context to identify the next responsible action.
LET’S TALK
A clear next step starts with a conversation.
Tell us about your plant, project or technical challenge. We’ll help define the question and the engineering support it needs.