• Risk Management
• Policy and Standard
• Risk Based Planning
• Risk Management Workshops
• CSU Risk Registers
• Commercial Activities
• Further Information

Risk Management

Managing Opportunities and Risks

Our University’s reputation and future will depend on:

• what we do - measured in terms of quality, relevance, and sustainability; and
• how we do it - measured in terms of meeting or exceeding community expectations of accountability, ethics, compliance and decision making transparency.

To compete successfully in the higher education environment CSU must establish teaching, research and business processes that enable innovative energy to be harnessed, applied and sensibly managed.

CSU is integrating risk management with governance, planning and decision making processes to maintain its competitive edge as an institution. CSU’s Risk Management Policy aims to do this by providing members of the University Community with a simple and transparent methodology for assessing new opportunities, identifying viable operational improvements and reporting risk exposures that are unacceptably high.

CSU Strategic Risk Assessment

Expectation

CSU staff are expected to be effective managers of opportunity and risk.

Application

CSU’s Risk Management Policy, guidance and training materials should be applied to:

• Further empower managers and members of staff;
• Strengthen and align decision making and planning processes;
• Analyse and, where necessary, improve the quality of teaching, research, and administrative processes; (work process improvement)
• Provide the level of institutional quality assurance needed to reduce a wide array of centrally driven rules, procedures and authorisation processes;
• Support the management of projects and commercial activities;
• Demonstrate compliance with a wide range of regulations and funding body requirements; and
• Ensure a safe and healthy campus environment.

Limitations

Risk management is a component of intuitive judgement and does not pretend to be a foolproof science.

Risk management methodologies need to be straight forward, fit for purpose and cost effective. Risk assessments and risk registers add most value when they focus on priorities and avoid unnecessary detail.

Risk management should not be viewed as an add-on reporting requirement. It is equally important not to view risk registers as expensive dust catchers. Indeed, formal risk management processes should be avoided unless they are developed with a clear practical purpose in mind.