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Risk management in Etablissement Kazoza et Compagnie-Rwanda

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par NOHELI Sam
Kabale University-Rep of Uganda - Masters 2011
  

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Chart 4.1.8 Types of risks likely to be encountered by respondents

Source: Field research, June 2011

These answers show that a high number is likely to meet physical risks which is because of the nature of work whereby majority are technicians on field working in construction and electricity. However another high number including the same technicians also face risks related to technology, these risks vary according to the nature or type of work, administrators/financials face money fraud using high technology which may cause a huge loss to the company, engineers and technicians face technological risks. Other few numbers face financial, political ,security risks while 6% reported to face all kind of risks.

As these results show, there is a need of appropriate personal protective equipments in order to minimize risks of injuries and deaths of employees. Also, it is of paramount importance for the company to properly use the information technology in data management and buy modern materials used in construction and electrical related activities and train employees to use them. This will reduce these risks which were mentioned by a high number.

Security and political risks are not the least problems because if security is not enough, nothing can be operational, theft issues can cause loss of properties etc. that is why the management should consider all these factors.


Table 4.1.9 Training on risk management in relation to which a respondent faces

Trained

Number

Percentage

Yes

31

62

No

19

38

Total

50

100

Source: Field research, June 2011

The table and pie chart 4.1.9 show that among respondents, 62% have had training on risks related to which the respondent is likely to encounter while 38% did not have it. This shows a big gap in training in this company which may hinder its growth. But, it may be caused probably by the newness of a big number of employees or lack of structured training plan within the campany. When employees are not trained, they are likely to meet those risks and will not be able to manage them accordingly. This may cause huge financial expenses to the company while training would cost less and minimise risk occurences. Again, it is a lot of benefits to the dcompany when employees are aware of possible risks they may encounter while on work. This enable them to take appropriate measures especially for prevention and/or foer mitigation which is a double advantage on both employees and the company's management.

Chart 4.1.9 Training on risk management

Source: Field research, June 2011

Employees face few risks and even if they occur, they know how to handle them, while on the side of the management, they spend less money on risks because a lot of them are preventable and the company creates a good reputation when its employees work in a good environment. That is why the campany's owners should schedule regular trainings to all employees in their respective domains of work.

Table 4.1.10 Response on whether respondents have met risks that could put life in danger

Has met risk(s)

Number

Percentage

Yes

37

74

No

13

26

Total

50

100

Source: Field research, June 2011

The table and graph 4.1.10 show that among the respondents, 37 or 74 % have met risks that could life in danger while 13 or 26% have not. This explains that there are protective measures against injuries and deaths to employees but still, a quarter of them have had once their life in danger.

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