Risk training is key to improving risk awareness and building risk culture within the organisation. Added benefits are encouraging effective manager, staff and other stakeholder engagement thereby the risk considerations becomes vital part of all strategic decisions and day to day operations. It should cover a wide range of topics and achieve a greater understanding of all the risk-related issues, as well as providing information on the control measures that are in place and the vital role played by staff in the successful implementation of these controls
eKnols has helped organizations with the following areas of training:
- Risk information and communication – Risk information needs to be shared throughout an organization to enhance risk awareness and to ensure improved risk performance. Risk communication starts with the identification of the stakeholders that have an interest in the particular risk under consideration. Once the stakeholders have been identified, the nature of the risk information that needs to be communicated must be decided. Finally, the purpose of communicating risk information to each group of stakeholders should be analysed.
- Shared risk vocabulary – Part of communicating successfully on risk matters is the development of a common language of risk. it is sometimes necessary for the organization to develop its own risk vocabulary, for aspects that may be particular and unique to it. A common understanding of risk based on the use of terminology and assessment protocols within the organization is more important than arguments about precisely what a term means to different risk management practitioners. eKnols has experience setting up risk vocabulary and definitions on organization’s intranet.
- Risk management information systems (RMIS) – It is generally accepted that the application of a RMIS software tool to an enterprise risk management (ERM) initiative can be very helpful. RMIS will also facilitate the collection and communication of risk information, including the reporting of events by local management as they occur. As well as information-recording RMIS systems, there are a number of software products that support risk management. These include software packages that can undertake various analytical processes and systems that can undertake risk analysis and dependency modelling reviews. One particular product, that eKnols staff have been involved in setting up and training, is a powerful tool called Active Risk Manager (ARM).