What is Critical Risk Management (CRM)?

Critical Risk Management (CRM) is a structured approach to identifying, assessing, and controlling the highest-consequence risks in a workplace. Unlike general risk management, which focuses on all hazards, CRM prioritises those risks that, if left uncontrolled, could result in catastrophic outcomes such as fatalities, serious injuries, or significant business disruptions.

A well-implemented CRM program ensures that organisations go beyond compliance by embedding proactive risk identification, critical control verification, and assurance processes into daily operations. It involves identifying critical risks, selecting the right critical controls, developing performance standards, and verifying control effectiveness. Without these elements, organisations may believe they are protected when, in reality, their most important safeguards are not working as intended.

How SRA Global Helps Businesses Manage Critical Risks

At SRA Global, we specialise in practical, compliance-driven Critical Risk Management solutions to help organisations identify, verify, and sustain effective controls for their most significant risks. Our expertise includes:

• Critical Control Identification and Performance Standards – Ensuring businesses select and implement the right controls for high-consequence risks.

• Risk Bowtie Analysis and Risk Assessments – Providing structured methodologies to understand risk pathways and control failures.

• Critical Control Verification (CCV) Programs – Developing robust assurance frameworks to ensure critical controls are working in real-world conditions.

• Audits and Gap Analysis – Assessing current CRM processes to identify weaknesses and opportunities for improvement.

• Training and Capability Development – Offering expert-led training for Risk Owners, Critical Control Owners, and leadership teams to enhance CRM knowledge and execution.

By working with SRA Global, businesses gain confidence in their risk controls, compliance with evolving legislation, and assurance that their workforce is protected from high-consequence hazards.

​Explore our training, resources, and audit services today to strengthen your Critical Risk Management framework.