Charles Sturt University
Charles Sturt University

Monitoring and Reporting

University risks will be monitored on an on-going basis at the respective Budget Centre level.

This means that Whole of University and Strategic risks will remain centralised and oversight will remain with the Finance, Audit and Risk Committee.

Management-level risks and operational risks are decentralised and should be managed by their respective area owners.

Organisational-wide risk reporting processes will be established through existing management and governance structures to challenge risk profiles and integrity of the risk management process.

The University Council, through the Finance, Audit and Risk Committee, will monitor and evaluate the University's performance in relation to risk management. 

This will be informed by an annual assessment covering items such as (but not limited to) as endorsed by the Finance, Audit and Risk Committee:

  • the effectiveness of the implementation of risk management policy and procedures across the University and its controlled entities;
  • the awareness of managers and staff of their responsibilities, including appropriate professional development and performance management in relation to risk management
  • the existence of risk management plans for all major activities, including all commercial activities
  • the identification of risk management responsibilities in duty statements, induction, professional development and performance management process for all staff of the University and its controlled entities
  • the currency of the Whole of Organisation and Strategic Risk assessments