Risk can be defined as the threat that an event or action will adversely affect a school’s ability to achieve its objectives and to successfully execute its strategies. Risk management therefore can be defined as the process by which risks are identified, evaluated and controlled.
Risk is one of life’s certainties and how successfully schools deal with it can have a major impact on the achievement of their key strategic and operational goals. Despite this, relatively little is formally done to evaluate and manage risk.
These documents are part of the Bursars Toolkit.
Download Bursars Toolkit Parts 7 and 8: Risk Management and Risk Matrix: