Element 05×Commercial

Commercial in Risk

Risk Assessment and Control

This element is where PSCM becomes a risk-control function — contractor HSE risk, supply chain risk, single-source risk and late-life contracting risk.

Standard 1

  • Critical Supplier Identification StandardTypical exampleCompany-wideAlso in EI PSM · 18 Contractor and supplier, selection and managementAlso in Process Safety · Asset integrityNot safety case critical

Process, procedure, work instruction 2

  • Logistics HSE CaseIn 1 of 3 operator registersCompany-wideAlso in EI PSM · 18 Contractor and supplier, selection and managementAlso in Process Safety · Operating integrityNot safety case critical
  • Contractor HSE Risk Assessment ProcessTypical exampleCompany-wideAlso in EI PSM · 18 Contractor and supplier, selection and managementAlso in Process Safety · Operating integrityNot safety case critical

Supporting documents 1

  • Equipment Rental RegisterIn 1 of 3 operator registersRegion · addsAlso in EI PSM · 18 Contractor and supplier, selection and managementNot process safetyNot safety case critical
"This is where PSCM becomes a risk-control function, not a purchasing function."
  • →The standards setting acceptance thresholds — (Policies and Standards)E02 Policies
  • →The procedures executing the controls — (Plans and Procedures)E07 Procedures
  • →The audit of risk-control effectiveness — (Assurance, Review and Improvement)E10 Assurance