Tehran (PEDCO) – The CEO of PetroIran Development Company (PEDCO) and the company’s senior executives held a meeting to consider the structure of the risk management system of the company.
In the meeting, Sepehr Sepehri stated that the establishment of an Enterprise risk management (ERM) system at the development group of Petro Iran PetroIran and the creation of a risk culture would bring about many benefits for PEDCO in all respects.
“Teamwork can be effective in the areas of organizational risk and ultimately benefit the company, but it will not replace systemic thinking,” he said.
The PEDCO CEO added: “In the field of risk management and risk culture, all managerial and expert levels can be exploited.”
He stated that the performance of a manager in the field under his authority can be affected by risk management, adding: “PetroIran Company seeks to create systemic thinking and systematize activities.”
Sepehri added examples of systemic thinking include creation and use of a system of participation, risk management, as well as selection and participation in tenders and projects.