Applying Collective Intelligence In Risk Management

The primary responsibility for risk management is the commercial operations team. The role of RM is a support function and a facilitator for the company.

In their role as auditors, they are focused on what went wrong in the past rather than equip business leaders in how to handle the future. You can visit for risk management mitigation.

It is a return rather than the work of the power system forward. The other aspect is that in their role as advisors and political issue guidelines without the full participation of business people.

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The RM will negotiate with the business leaders for discussion about the overall condition, plan the proposal, report on it and then publish the final policy then inform business users that they should incorporate it. In short, about 75% of the policy will be implemented.

In both roles involvement of team of business operations is minimal at the beginning of the project. They should implement the recommendations.

First, let us understand the nature of the information and intelligence that risk managers need to do their jobs:

1) Information on the organization with regard to the processes on the information, the structure, culture and technology. These, they normally get entrepreneurs through interviews and review of standard operating procedures.

2) Sales information about customers on the external information, the Environment, and competing suppliers. The information they get interviews with business leaders, customers and suppliers. Other sources are various published research and media reports.

3) Technical Intelligence – Information about various laws, acts, methodologies and tools for the management of risks. RMs has the knowledge on how to conduct risk management while using this information appropriately.

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