Projects should be completed on time, to budget and to specifi cation/performance. Inevitably, there will be a considerable amount of uncertainty associated with all projects. The contribution of risk management is to minimize these uncertainties.

In order to improve the risk management performance of an organization, a risk management initiative will be required. The nature of this initiative will depend on the size, complexity and nature of the organization. There is no single correct approach.

Risk training is not only key to learning and communication but also essential for effective manager, staff and other stakeholder engagement. It should cover a wide range of topics and achieve a greater understanding of all the risk-related issues

Organisations are aware that some risks will always exist and will never be eliminated; they recognise that they have a responsibility to manage risks (both positive and negative). eKnols supports companies and large organisations with a structured, systematic and focused approach to managing risk

establishing clear roles, responsibilities and reporting lines, providing opportunities for shared learning on risk management, offering a framework to direct resources to identified priority risk areas, reinforcing the importance of risk management as part of every task

eKnols is experienced in guiding organisations to practice risk management as a core capability and an integral part of all activities. eKnols developed an Enterprise Risk Management (ERM) Framework based on the internationally recognized principles from ISO 31000 and COSO ERM to manage change and uncertainty of business schools in the EU.