Risk Information and Communication Flashcards
1
Q
What are some ways of communicating risk information?
A
- Intranet
- Formal risk reports
- Informal presentations + videos
- Training
2
Q
What is RMIS?
A
Risk Management Information System
3
Q
What does a RMIS do?
A
Facilitate the collection and communication of risk information, including the reporting of events by local management as they occur. They can record details of risk exposure, risk control and risk action plans. They can pool data on risk events and accidents.
4
Q
What are some of the disadvantages associated with a RMIS?
A
- Time consuming to input data.
- Difficult to demonstrate cost saving or benefits in the short to medium term. The value can only be demonstrated by highlighting losses that were prevented.
