A Risk Assessment Self-Exam

Vol. 16 No. 9

businessmanager eletter Vol16 No9 selfassessment

It’s not always easy to see ways that your school’s operations might put you at risk. But managing risk effectively isn’t as hard as you may think.

The Business Office can manage risk by identifying exposures from past experiences or the experiences of others, seeing patterns, and considering new trends. Next, identify ways you can prevent these risks from occurring now, or options you’ll have to mitigate if they occur in the future.

To help you get started, the following questions represent some of the areas where schools have historically faced risk. If your answer is “no” to any of them, you may want to take a second look at that specific area of your policy.

These questions are just the tip of the iceberg when it comes to managing your school’s risk. If you’re looking for a more comprehensive review of your school’s practices, our team would be happy to identify potential challenges and liabilities through our Risk Management Assessment.

Email Helen Foster, Consulting Manager, or call 302-656-4944 (ext. 134) to learn more.

Risk Management Consulting Service

Additional ISM Resources:
The Source for Business and Operations Vol. 3 No. 1 Building a Risk Management Team (RMT)
The Source for Business and Operations Vol. 15 No. 5 Reducing Risk When Hiring Vendors and Contractors

Additional ISM resources for Gold members:
I&P Vol. 41 No. 4 Risk Management Assessment: Reduce Your School’s Exposure
Vol. 41 No. 5 The Risk Management Assessment Process

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