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Risk Management

Risk Management builds on what University staff already do on a daily basis by providing a structure for identifying, assessing and responding to risks and opportunities in a formal and consistent manner. The University is committed to a comprehensive and systematic management process directed towards effective management of potential opportunities and adverse threats.

The challenge is to integrate risk management into the University's everyday business operations. Only in this way can the University ensure its strategic objectives are achieved. As part of the annual planning cycle all responsible managers will be required to consider and document risks and opportunities and their impact on proposed plans.

The risk management process adopted by the University (refer below) is in acordance wth the Australian/New Zealand Standard AS/NZS ISO 31000:2009.

To assist managers in identifying risks and opportunties, the University has compiled a list of risk categories which includes:

  • Learning and Teaching Risk
  • Research Risk
  • Engagement Risk
  • Governance and Compliance Risk
  • Human Resources Risk
  • Health, Safety and Security Risk
  • Environmental Risk
  • Facilities (Asset Management) Risk
  • Information Technology Risk
  • Financial and Commercial Risk

The University has the following key documents that guide risk management at CQUniversity:

The University maintains Risk Register software to assist managers record and monitor progress in managing risks and opportunities. Managers requiring access to the Risk Register should contact the Associate Director (Internal Audit) for permission to access.

Risk Presentation by BDO Kendalls 2006