Minerals processing laboratory shifts up risk maturity curve
Situation
Following receipt of a number of material improvement notices from the Worksafe Regulator, my client concluded that sustainable improvements in risk management were needed.
Objectives
Embed a sustainable risk culture through implementation of frameworks and practices consistent with AS 31000: 2018.
Improve organisational resilience to enable the company to thrive as a going concern beyond current management’s tenure.
Actions taken
Established context including PESTLE, capability, and stakeholder analyses.
Confirmed business objectives.
Developed risk frameworks, including risk matrices, governance arrangements, code of conduct, roles & responsibilities, education requirements, obligations, reporting templates, communication & consultation plan including ‘speak up’ mechanisms.
Assessed risks to business objectives and developed risk treatment plans.
Supported partial embedding of risk treatment plans including establishing management governance arrangements, launched code of conduct, supported enhancement of onboarding & induction program, and coached workers and supervisors through application of several risk treatments.
Result
Addressed all regulatory requirements.
Measurably, improved risk culture and employee engagement predicated on embedding of tone from the top, code of conduct, risk accountabilities, communication & consultation, and management governance arrangements.
Mitigated several previously unidentified risks.
Developed strategic plan to ensure the ongoing sustainability and long-term viability of the business beyond the tenure of current management.
