14 Oct Managing Supply Chain Risk in Oil & Gas Sector
Posted at 01:53h
in Risk Management
BACKGROUND
Our regional client had identified a significant risk within its supply chain activity. The Client need to understand the level of risk that it faced from its concerns and what ongoing action was need from our organisation review.
ASSESSMENT
Based on the outcome of the organisation review, several recommendations were made to the client to support a risk mitigation plan.
RESPONSE
Design and introduction of a training program to educate staff on fraud and corruption risks within the oil and gas sector, that included educating senior management on organisation structure to collect, analyse and mitigate risk information.
OUTCOME
Our work helped the client:
- Introduce a compliance department to receive and response to identified risk
- Introduce a training program to educate and update on new risks that could impact the organisation
- Build a risk register of key risks within supply chain