The Action Planning Process & Template Developing Your International Risk Management Action Plan

University Risk Management and Insurance Association Louisville 2014 Risk Management Context  Mission, goal, and objectives of your institution’s international program(s)  Primary activities  Key stakeholders  External influences  Coordination and collaboration  Planning and direction  Intent and Scope of the Plan  Health and safety  Student activities  Employment activities  Independent contractors  Crisis planning and communication  Transportation  Institution liability  Banking/cash management  In-country registration / legal status  Ownership / leasing of real estate 2

University Risk Management and Insurance Association Louisville 2014 Risk Assessment  Identify the risks  Source  Exposure (people, property, brand, financial, continuity of operations, compliance, etc.)  Analyze the risks  Risk analysis matrix  Likelihood and consequence for each risk  Complete the matrix 3

University Risk Management and Insurance Association Louisville

University Risk Management and Insurance Association Louisville 2014 Risk Assessment (cont.)  Treat the risks  Accept  Avoid (e.g. removal of physical hazard, implement age restrictions, prohibit certain activities, etc.)  Reduce (e.g. develop policies & procedures, provide training, contractual risk transfer, etc.)  Transfer (e.g. insurance, waivers, etc.) 5

University Risk Management and Insurance Association Louisville 2014 Risk Management Action Plan  Risk inventory  Action taken to treat each risk  Completion date  Responsible party  Resources necessary 6