Fundamentals of Risk Management

Risk culture
318
TAbLE 
26.1
Risk management training
examples of when to undertake risk training:
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When a manager is newly appointed or has been given new or additional 
responsibilities.
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When an individual member of staff has been given a new role and/or 
procedures have been updated.
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Following a recent incident or loss at the organization or at a competitor’s 
premises or location.
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On a refresher basis – and this may be a legal requirement in certain 
circumstances. 
The following partial extract from the 2010 risk management handbook of the 
United Nations Educational, Scientific and Cultural Organization (UNESCO) is a 
good example of a well-structured training programme with clearly defined training 
objectives:
The purpose of risk management training is to raise basic awareness of risk management 
concepts and mechanisms, to enable participants to identify and manage risks in their 
own units and to strengthen project management through adequate forward planning
of potential risks.
The half-day training module on risk management introduces the definition of risk and 
the purpose of risk management and discusses steps towards the effective management 
of risks. The course goes beyond the provision of generic tools and extends to re-visiting 
elements of organizational culture, decision making and situational awareness.
By the end of the training session, participants should be able to:
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understand UNESCO’s approach to risk management;
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understand how risk management affects decision-making;
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conduct a risk analysis by drawing up a risk profile and using a risk matrix;
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identify risks/uncertainties to achieving a set of objectives and expected results;
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prioritize these uncertainties; and
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decide how to act on the uncertainties.

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