What role does effective communication play in ORM?

Effective communication is essential in Operational Risk Management (ORM) because it ensures that all personnel are aware of the risks involved and the protocols necessary to mitigate those risks. When information about potential hazards, safety procedures, and risk assessments is clearly communicated throughout an organization, every member understands their roles and responsibilities. This shared awareness helps to build a culture of safety and encourages proactive behavior toward risk management.

By making sure that everyone is informed and on the same page, effective communication helps facilitate a quick response to any risks that may arise during operations, ultimately enhancing the overall safety and effectiveness of missions. In contrast, effective communication does not minimize documentation, reduce assessment time, or directly relate to financial management; instead, it focuses on creating a well-informed and prepared team ready to handle operational challenges.