Risk Management
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RISK MANAGEMENT Presented by Dustin Smith, M.Ed. Office of Student Services
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Presented by Dustin Smith, M.Ed. Office of Student Services. Risk Management. An Effective Risk Management Plan:. Recognizes and responds to danger that could interfere with the organization’s function. Identifies threats to an organization’s continuing operation. - PowerPoint PPT Presentation
Transcript of Risk Management
Risk Management
Risk ManagementPresented by Dustin Smith, M.Ed. Office of Student Services
Hello ATSU students and welcome to this presentation on Risk Management Adapted from ATSU Risk Management Pamphlet and ACPA Commission for Student Involvement, Advisor Manual. 1
An Effective Risk Management Plan:
Recognizes and responds to danger that could interfere with the organizations function. Identifies threats to an organizations continuing operation. Controls loss by taking steps to reduce the severity should a loss occur.
An effective risk management plan is an essential tool for an organization as it recongnizes and responds to threats to an organization and either prevents them from occuring, or creates opportunity to manage risk if it occurs. 2Why?Each activity has its own potential risks. Responsibility. Student Organization. All recognized ATSU student organizations are required to have a written risk management plan on file.
Each activity and club has its own potential risks, and your organizations risk management plan will be unique to your organization. All ATSU organizations are required to have a written risk management plan on file in the office of student services. 3Step One Acknowledgement The failure to recognize that accidents happen and that misunderstandings are part of the human experience, may needlessly expose an organization and its members to loss. Assess the capability of the group to manage risk. Step Two IdentificationLook for and report dangerous conditions or impermissible conduct to risk manager officers and/or advisors.Communication is key.
To develop your RM plan, acknowlege that incidents may occur.
Step two, be on the look out for risk and appoint a risk management officer or advisor to reduce risk. Remember, communiting potential risk to your officers and members is key. 4Step Three EvaluationPrepare for the worst case scenario.Low Risk v. High Risk Situation Not all risks are equalMinor annoyances, waste of resourcesBankruptcy and lossKnow your overhead (events and fundraisers)
Step Four Decision and Implementation AvoidanceModificationTransferRetention
Step 3, evaluate Risk. What risks may occur with your organization, is there financial risk? Personal safty risk?
Step 4, implement the plan. 5Step Five Supervise, and appropriately revise, The Plan Appoint a risk manger to supervise and evaluation the plan. Periodical review.
Step 5 Uphold the plan and review and revise if needed. And remember Communicate this plan to your members and officers
6Have Questions?Having trouble with your organizations Risk Management Plan, or just want more information? Contact: Dustin Smith, Student Services CoordinatorOffice of Student [email protected]
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