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Published bySusan Williams Modified over 8 years ago
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Developing Your International Risk Management Action Plan The Action Planning Process & Template
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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
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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
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Risk Assessment (cont.)
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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.)
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Risk Management Action Plan Risk inventory Action taken to treat each risk Completion date Responsible party Resources necessary
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