Risk Management Framework
The Risk Management Framework embodies the University’s commitment to the adoption of a risk management culture.
The framework is comprised of, and informed by the following elements:
| Risk Management Handbook | Designed to help all those engaged in University activities to better understand the process for managing risks |
| University Risk Matrix | Created to take into account the broad strategic nature of enterprose level risks while also accommodating operational and project or event-specific risks |
| University Strategic Plan | Which identifies “improved compliance and risk management” as one of its objectives |
| University Risk Register (URR) | The central repository for recording risks across the University |
| Local Area Registers | Where they exist, Local Area Registers record local hazards and assist in the management, control and reporting of incidents, hazards, and specific risks |
| Operational Risk Management | A responsibility of the University Risk Management Committee, is the management of risks from a “bottom-up” perspective |
| Enterprise Risk Management | A responsibility of the University Council and Audit, Compliance and Risk Committee, is a “big picture/top down” risk management activity, undertaken regularly on a whole-of-University strategic level. |
| Annual Risk Reviews | Undertaken by each local area, to assess operational risks of local and organisational relevance. |
| Risk Management Policy | The cornerstone document of the Framework, and formally outlines the roles and responsibilities of all members of the University community. |
More detailed explanations of the process can be found in the Risk Management Handbook.
