What Is an SMS Operational Risk Profile (ORP)
Under the umbrella of many SMS compliance agencies, an operational risk profile (ORP) is a requirement that is the core of your hazard, risk, and control measure accountability. That’s another way of saying that all risk mitigation “resources” are identified in your ORP.
But what are risk mitigation “resources?” These are any elements that are relevant to risk exposure and risk reduction. Resources can be:
- Knowledge;
- Budgets;