WASA: Re-Engineering and Reorganizing without End-to-End Operational Risk Assessment?
How is that possible? (OK, OK, I AM SHOWING MY BIASES HERE)
As you all may know, Operational risk assessments are essential tools for identifying potential hazards, vulnerabilities, and areas of improvement within an organization’s operations. By conducting these assessments, WASA can better understand the possible consequences of changes to their operations and develop strategies to mitigate risks.
Without completing an operational risk assessment, WASA may proceed with reengineering operations without fully understanding, in my view, the potential risks involved (and I do not speak of their known “water risks”) This could lead to unintended consequences, such as disruptions in service delivery, significant people risk, safety hazards, regulatory compliance issues, or financial losses.
That said, while it’s theoretically possible for a WASA, or any other company, to reengineer operations without completing an operational risk assessment, doing so would be ill-advised and potentially hazardous. It’s generally considered best practice to conduct thorough risk assessments before making significant changes to operational processes.
But, that’s just me… I would like to hear from you guys.