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According to the CIA, completed by Exxon’s Consultant, Environmental Resources Management (ERM), oil spill modeling was conducted for two loss-of-well-control scenarios- Most Credible Worst-Case Discharge (WCD) and Maximum (WCD).
In practice, this means facilitating direct thought-partnership between risk co-owners with ERM adding expertise and aligning actions, as opposed to ERM acting as a central co-ordinator of all risk information and mitigation.
Source: https://www.helpnetsecurity.com/2023/02/27/third-party-risks-erm/
In practice, this means facilitating direct thought-partnership between risk co-owners with ERM adding expertise and aligning actions, as opposed to ERM acting as a central co-ordinator of all risk information and mitigation.
Source: https://www.helpnetsecurity.com/2023/02/27/third-party-risks-erm/