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Enterprise Risk Management Implementation in a Manufacturing Plant

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OY Consulting Services

Case Study

Engineering self-sufficiency increased

The client lacked a unified risk framework, with fragmented mitigation across departments. Leadership had minimal visibility of risk exposure, and there was no linkage between risk controls and strategic or financial priorities. The rising regulatory complexity and hazardous nature of operations made formal ERM critical.

Developed and deployed a centralized ERM system to align risk identification, mitigation, and reporting across all departments.
Enabled leadership to visualize enterprise-wide risk exposure and prioritize controls linked to strategic and financial goals.
Strengthened governance by integrating risk controls with compliance and safety protocols, addressing the complexity of hazardous operations.
Project Info
Confidential
Risk Management Consultant / ERM Program Lead
Enterprise Risk Management & Compliance Strategy
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portrait-engineer-job-site-work-hours (2)
A plus-size Latina engineer in her 40s, wearing a white hard hat and a high-visibility vest, studies a large blueprint on a construction site. She is surrounded by building materials and machinery, giving instructions to the team. The scene captures her from the side, focused on her work, with a crane and unfinished building in the background. --ar 16:9 --stylize 1000 Job ID: e0ff2c1c-ca5b-4c83-98e4-919641829745

Approach & Execution

Phase 1: Risk Landscape Mapping

Departmental workshops, audit reviews, HSE and supply chain log analysis
Created central enterprise risk register

Phase 2: ERM Framework Design

Risk domain model, ownership structure, escalation protocols
Bowtie analysis and risk classification linked to KPIs

Phase 3: Integration & Monitoring

Dashboards, monthly risk reporting, Capex alignment
ERM training and awareness program across departments
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Tools & Frameworks

  • ISO 31000, Bowtie Risk Analysis
  • Risk Register & Heat Maps
  • Ownership Matrices & Scorecards
  • Power BI Dashboards

Workforce Engagement

40+ leaders trained on risk tools
ERM Committee formed
Quarterly recognition of risk mitigation performance
Cross-functional ownership of active risks

Results

90% of critical risks identified and mitigated in 6 months
Audit scores improved from 74% to 94%
60% reduction in near-miss/repeat incident trends
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