What does the "S" in the ORM steps stand for?

The "S" in the ORM (Operational Risk Management) steps stands for Supervise. In the ORM process, supervision is a critical component as it ensures that the risk management measures and strategies are effectively implemented and maintained throughout the operation. By supervising, leaders can monitor the situation, make necessary adjustments, and ensure that all personnel understand and are following the established protocols. This step helps to reinforce accountability and allows for real-time problem-solving, which is essential in managing risks effectively and maintaining safety standards.

The other options do not accurately represent this aspect of ORM. While securing control, standardizing decisions, and systematizing assessments may relate to risk management in a broader sense, they do not specifically capture the supervisory role emphasized in ORM.