Operational risk & performance assurance is typically applied where leadership requires independent confirmation that operational controls and governance are functioning effectively.
Common situations include:
- Asset mobilisation or operational start-up
Verification that operational controls, equipment readiness and organisational interfaces are fully established before operations commence.
- Contract transitions and new operational interfaces
Independent verification that contractor interfaces, bridging arrangements and operational responsibilities are clearly defined and functioning effectively.
- Verification of critical control effectiveness
Assessment of whether operational barriers, safeguards and control measures are consistently applied during high-risk activities.
- Independent assurance for leadership and boards
Providing senior leadership with objective verification that operational assurance systems are functioning and credible.
- Post-incident independent investigation
Understanding why operational controls failed and identifying the organisational conditions that allowed the failure to occur.
- Strengthening organisational assurance frameworks
Reviewing whether internal assurance systems provide genuine operational visibility or simply confirm compliance with procedures.