Fulcrium was appointed by the in-house specialist assurance function accountable for second line process safety and operational risk at a Supermajor.
The brief was to undertake a wide-ranging benchmarking engagement comparing the frontline and second line strategy, systems, processes, organisation, risk, policies, standards, governance and assurance activities of the function with those of peers at IOCs, NOCs and service companies.
Part of the brief was to provide tangible evidence of what constituted a world class process safety and risk assurance organisation and how such insights could translate into transformational value. Fulcrium was also required to provide a roadmap to transform the function.
The client’s verdict:
Following an extensive evaluation of the market for process safety / risk providers, we appointed Fulcrium to conduct benchmarking and assist us with our thinking. No benchmarking firm that we encountered can match it for methodology or, more importantly, for process safety, reliability and risk assurance domain specificity in the upstream and downstream oil and gas industry. Fulcrium brought genuine new and impactful insights which have helped us shape the safety and operational risk function.
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