Risk is the possibility of an event occurring that will have an impact on the achievement of objectives. Good risk management enables activities which create opportunities, and can give competitive advantage.
Risk management is the articulation of events, actions and outcomes which, if they occur, would adversely affect the University's activities and our ability to achieve our strategic objectives. Once the main causes of any potential risk have been identified, activities can be identified and introduced to mitigate the impact of the risk, or likelihood of it occurring. Early warning indicators and other controls mechanisms can be used as a reflection of the effective of the mitigations.
All University staff have responsibilities under the University's Risk Management Policy - we are all obliged to protect the University from undue exposure to risk. If you know of a risk that you think is not already recognised and recorded, you should discuss it with your line manager in the first instance.
Risk Management at the University
The University is committed to effective risk management of all its activities, at all its campuses. The Senior Strategy and Risk Analyst, in Strategy, Planning and Performance, is responsible for implementing the University's Risk Management framework, including the University Risk Register. The University's Risk Management framework, which includes the University Risk Register and the Risk Management Policy, is owned by the University Executive Board. The University Risk Register contains risks to the University's activities at a global, enterprise-level.
Staff wishing to obtain further information, including the current Risk Management Policy, the current University Risk Register as well as guidance on articulating risks and developing a risk register, can access this on the risk section of the Strategy Support Centre.
Senior Strategy and Risk Analyst
Last edited Jul 07, 2016