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Risk management in a university environment

Author

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  • Brewer, Ann
  • Walker, Ian

Abstract

Risk is an integral part of quality assurance in higher education in Australia. This paper describes a generic methodology for the identification and management of risk in a university or similar tertiary education environment and outlines a framework that enables the management of risk to be incorporated in the institution’s governance cycle. The new approach here is that risk is embedded in the quality assurance framework and, in turn, in the strategic planning and budgeting processes. In many organisations, risk is implemented as a separate process and not considered in any meaningful way as integral to the strategic direction and performance of the university. The paper is based on work carried out by the authors and others between March 2008 and April 2009 to develop a comprehensive system for managing risk in a major Australian university, including processes whereby risk management could be integrated with, and add value to, the overall governance of the university. The case study is described in the appendix to this paper.

Suggested Citation

  • Brewer, Ann & Walker, Ian, 2011. "Risk management in a university environment," Journal of Business Continuity & Emergency Planning, Henry Stewart Publications, vol. 5(2), pages 161-172, June.
    • Handle: RePEc:aza:jbcep0:y:2011:v:5:i:2:p:161-172
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    Citations

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    Cited by:

    1. Rangi, Pradeep Kumar & Aithal, Sreeramana, 2020. "Academic Institutions Risk Decisions using Six Thinking Hats based Analysis," MPRA Paper 105348, University Library of Munich, Germany.
    2. Gazoulit Sarra & Khadija Oubal, 2023. "Risk management in public universities in pursuit of performance: A synthesis of the literature [La gestion des risques dans les universités publiques en quête de la performance: Une synthèse de la," Post-Print hal-03958352, HAL.
    3. Tiep, Nguyen Cong & Wang, Mengqi & Mohsin, Muhammad & Kamran, Hafiz Waqas & Yazdi, Farzaneh Ahmadian, 2021. "An assessment of power sector reforms and utility performance to strengthen consumer self-confidence towards private investment," Economic Analysis and Policy, Elsevier, vol. 69(C), pages 676-689.

    More about this item

    Keywords

    risk management; university; quality assurance; risk methodology;
    All these keywords.

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation

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