Operational Risk Management Training
In today's volatile atmosphere, operational risk management training is an absolute necessity to maintain integrity in the midst of high stakes emergencies. The training is also needed to foresee risks not inherently visible from various vantages within the organization. Operational risk management is defined as anything that might impede superior response to potential threats. These threats could include terrorism, inside operational breakdowns, weather anomalies, technological failures or other high impact barriers to business as usual. Threats may even include negligence on the part of employees and computer hacking. Subsets of threat classifications could go on for pages.
If a company has not considered doing a threat analysis, the business would be wise to do so quickly. Whether large businesses or small, the interconnectedness of commerce in the twenty-first century makes threat assessment highly desirable. Risk management classes are offered both at the college level and as online courses. With stockholders demanding more and more security of their investments made a high priority, planning is essential to let them know what strategies are in place before an emergency develops. And there could be no greater comfort than for a small business owner to know that most every scenario that could impede or block the flow of business has been anticipated and a plan put in place if the unthinkable happens.
Why would the executive or owner of a company want to take the time to ponder various types of threats to one's business? Just a cursory look at the scope of what operational risk management training covers is eye-opening. Issues such as roles of staff in emergencies and key man loss contingencies are discussed and considered. Insurance claims and contacts with agents must be addressed. Locations for employees' assemblage after a disaster and ways to switch and receive information if traditional means are interrupted are included as topics. "For the sun is no sooner risen with a burning heat, but it withereth the grass, and the flower thereof faileth, and the grace of the fashion of it perisheth: so also shall the rich man fade away in his ways." (James 1:11)
Investing in such a study would be of a real benefit to companies' long term health. Allowing key people to take risk management classes will bring a new sense of well-being to both employees and stockholders. Consider for a moment that insurance rates could drop across the board for a company that has a viable plan in place to face threats ranging from bioterrorism to tornados. Consider that in risk management classes,details such as event chain planning can occur. Viewing all processes of life as a chain of events, this threat plan can replace some broken links so that chain events can continue within a business operation. Having ways around broken event links can quickly minimize the affect of threats to business stability.
Not only are profit driven businesses needing threat assessment and management. Non profits face their own set of threats and in response, operational risk management training for executive directors is a niche some training programs have created. Non-profit organizations can easily forget that their volunteers often provide a source of risk not considered until a problem arises. Issues such as staff screening, child protection measures, emergency response actions, disciplining problem clients, access to facilities and many other issues can haunt a non-profit if not dealt with in a well structured manner. A non-profit can be fatally wounded if there is any hint that contingencies were not planned for and anticipated. Of course, the very nature of some non-profits is to trust without verifying.
The reality is that no one is really looking out for an organization's well-being except that organization. The advantage of having key leaders take threat management classes is that the graduates of such courses can apply general and specific knowledge gained from such education to their own situation. They can know right away which risk threat paradigms are applicable and which ones are not. And while an outside company can come in and perform risk threat analysis and help develop a plan to mitigate risks, the reality is that those outside resources pack their bags and leave town. The employees that have a stake in the day to day operations can be observant and watchful in the process of plan engagement.
But the choice may not be to engage employees in risk assessment training. Operational risk management training may be scrapped in favor of an outside consultant entering the scene. The upside to such a decision is that the people involved in these kinds of consultative processes are experts, or so it is hoped. An outside, objective view of present day operations is devoid of any agendas that can be brought to the table by present employees. Bringing in outside advisors instead of using formal risk management classes can provide some companies the additional promise of legal help with the use of the consultant in the event of a threat situation.
Never before has society faced the number of possible threats and risks as today. School shootings, child abuse, terrorism here and abroad, hurricane and tornado seasons, fuel and food shortages, political unrest, class disparities widening and a host of other possibilities make it clear. Operational risk management training or the use of consultant to provide risk analysis is essential for both small businesses and large corporations. Failure to address clear and present dangers is a one way street the wrong way when it comes to maintaining company market competitiveness. Get a plan and live by it!
Risk Management ClassesOrganizations take advantage of risk management classes in order to better protect employees while also sheltering themselves from costly liabilities and concern over potential litigation. While there is no way to completely eradicate the possibility of injury or other damages from occurring within the auspices of a given organization, there are many proven tactics and practices that could help to limit such incidents. Courses and workshops that address these concerns are widely available. These courses will usually cover such topics as identifying potential hazards, learning to recognize and address new risks, and specific practices that can address or eliminate these dangers. The concept of managing risks deals with anticipating and controlling any areas of jeopardy that a company or organization faces. Once potential risks have been identified and addressed, procedures should be created that are designed to monitor hazards and evaluate the success of any risk management plans that were put in place. A wide variety of professionals can benefit from attending risk management classes. These professionals could include representatives from federal, state, and city governments, managers and executives, quality control experts, engineers, CEO s, and leaders of non profit organizations. While concern for employees and clients should be the main motivating factor behind learning about handling potential work place hazards, the threat of litigation can be another reason to seek information on this topic. What ever the motivation, learning to make a business or facility a safer place to be carries its own rewards.
One of the main benefits of risk management classes is that they can help companies and organizations deal with precarious and uncertain possibilities. Such possibilities may not be immediately obvious to the untrained observer. Learning to recognize areas of hazard can protect a company from circumstances that could severely damage if not destroy an organization. In a worse case scenario, an injured party could bring a lawsuit that might mean the end of a once viable business. Non profit organizations can face unique challenges. Generally, these groups exist to help others. If a participant at an event at a non profit facility is injured, the reputation of the organization can be irreparably damaged. A safer work place or facility benefits anyone who works or visits there. There are a wide variety of risk management classes that are available. Some of these courses are accessible on line or through some other form of distance learning opportunity. A major benefit of on line course work is that the student can study at times that best fit their own personal schedule and at their own pace. This approach can also work well for companies and organizations. Employees can simply log on from their desk top computers and participate in the course at a time that is convenient for them. Many classes also include tests that will evaluate the level of learning that was achieved.
The specific topics that will generally be addressed in risk management classes might include a basic introductory class, handling risks associated with a volunteer work force, insurance coverage in this area, dealing with independent contractors, and employee screening. A basic class will generally cover risk awareness topics along with reduction practices. Courses that deal with protecting volunteers may cover such topics as background checks and effective training. Organizations that deal with young people will want to be especially conscientious about the caliber of the volunteers that are allowed to work within a group's programs. Any volunteer's inappropriate behavior toward a minor can be held against the primary organization. Other risk management classes can deal with obtaining adequate insurance coverage. Independent contractors can present some of the same concerns as a volunteer work force. The caliber and character of the individual contractor is very important since a company could be held liable for the actions of this worker. Employee screening can also be covered in these classes and is an important topic since their can be government regulations that are connected with certain types of jobs and a spotty background could eliminate some candidates. Safety issues concerning the use of vehicles and drivers is another important educational concern since liability here can be very costly. Special events can carry unique risks and any organization that schedules such events will need to understand these risks.
Non profit groups can face completely different kind of risks than other organizations. For this reason, there are specific risk management classes that pertain to the concerns. Many non profits work with children and young people. These circumstances, coupled with the fact that volunteers often oversee youth activities, greatly increase the need to carefully anticipate and deal with risks. The Bible encourages believers to trust God and to turn to Him in times of fear. Yea, though I walk through the valley of the shadow of death, I will fear no evil: for thou art with me; thy rod and thy staff they comfort me. (Psalm 23:4)
Some risk management classes may be offered in the form of seminars. These workshops may be held on college campuses at at a variety of other locations. There are also educational CDs and DVDs that can be used as training material for businesses and organizations. Some courses will provide instruction on how to perform quality background checks. Effective background screening can uncover criminal records that might limit an applicant's ability to become an employee. Understanding these risks can greatly help a business or organization function in a safer and more profitable manner.