1. UNIVERSITIES of AUSTRALASIA BENCHMARKING RISK MANAGEMENT BILL DUNNE DIRECTOR RISK MANAGEMENT UNSW.

2. INTRODUCTION BENCHMARKING..WHAT DOES IT MEAN ? UNIVERSITIES BENCHMARKING PROJECT….. BACKGROUND INFORMATION RESULTS WHAT NEXT ?

3. BENCHMARKING DEFINED AN ONGOING PROCESS FOR RIGOROUSLY MEASURING YOUR PERFORMANCE VERSUS THE BEST IN CLASS AMONGST YOUR PEERS, AND CREATIVELY APPLYING THE RESULTS OF THIS ANALYSIS TO MEET AND SURPASS THE BEST IN CLASS.

4. THE RISK MANAGEMENT PROCESS. AS/NZS 4360. IDENTIFY EXPOSURES ANALYSE / ASSESS /PRIORITIZE / TREAT MONITOR AND REVIEW

6. SELF ASSESSMENT MEASURING PROCESS…. NOT OUTCOMES

7. RISK MANAGEMENT ASSESSMENT BASIC PREMISE. IN THE ABSENCE OF ANY INTERVENING FACTORS……. GOOD POLICIES PRACTICES AND PROCEDURES WILL ULTIMATELY RESULT IN GOOD PERFORMANCE.

8. PARTICIPATION 22 UNIVERSITIES FROM ALL STATES OF AUSTRALIA, AND 4 FROM NEW ZEALAND 21 OF THESE WERE ABLE TO MEET THE DEADLINE AND WERE INCLUDED IN THE ASSESSMENT

9. FORMAT INTERNET BASED INDEPENDENT DATA MANAGER CONFIDENTIALITY ASSURED ANSWER ONLY FORMAT RESULTS COLLATED BY MANAGER RESULTS TRANSMITTED ELECTRONICALLY

11. KEY PERFORMANCE INDICATORS FACTORS LIKELY TO AFFECT THE BOTTOM LINE NON COMPLIANCE WITH LEGAL REQUIREMENTS

13. MANAGEMENT REPORT GRAPHICAL REPRESENTATIONS SHOWING RATINGS, ABOVE AND BELOW AVERAGE COMPARISON OF EACH ELEMENT AGAINST BEST PRACTICE AND GROUP AVERAGE

19. BEST PERFORMER CONGRATULATIONS UNIVERSITY OF TASMANIA 94.8%

20. SOME PROBLEMS WITH SELF ASSESSMENT LACK OF OBJECTIVITY YOU CAN BE TOO EASY ON YOURSELF OR TOO HARD ON YOURSELF BIAS IN FAVOUR OF SMALLER ENTITIES

21. WHAT DO YOU DO WITH THE DATA DONT JUST LOOK AT THOSE ELEMENTS THAT YOU PERFORMED POORLY IN CRITICALLY EXAMINE YOUR GOOD RATINGS AGAINST YOUR EXPECTED RESULTS

22. USE THE VERIFICATION GUIDELINES DETAILED INFORMATION ON WHAT IS NEEDED TO ACHIEVE BEST PRACTICE IN EACH ELEMENT

23. IDENTIFY AREAS FOR IMPROVEMENT LIKELIHOOD (how often) CONSEQUENCES (how much) COST OF RECTIFICATION

24. Evaluate & Prioritise Risks 11 1 2 2 2 2 2 3 3 33 3 3 3 4 4 4 4 4 44 4 Frequency Severity 0

26. Risk Management Styles Risk AwareRisk Ignorant Risk Nervous Risk Averse Risk Control 0

27. RISK MANAGEMENT GOAL SETTING WHAT WILL I TARGET WHAT IS MY TARGETTED % IMPROVEMENT WHAT PROCESSES WILL I USE WHAT IS MY TIMEFRAME FOR REACHING MY TARGET[S] HOW MANY $$$$$$$ WILL I SAVE

28. BENEFITS OF SUCCESSFUL BENCHMARKING IMPROVED GOAL SETTING OVERCOME DISBELIEF ACCOUNTABILITY CULTURE CHANGE

29. RISK MANAGEMENT ASSESSMENT FORMAT IS NOT MEANT TO BE ALL ENCOMPASSING IS DESIGNED TO IDENTIFY KEY PERFORMANCE INDICATORS ONLY

30. FUTURE BENCHMARKING TOPICS ANY SUBJECT THAT YOU THINK IS WORTHWHILE

31. CRITERIA SIGNIFICANT RISK EXPOSURE STANDARD FOR BEST PRACTICE KEY PERFORMANCE INDICATORS

32. WHAT NEXT DEVELOP IMPROVEMENT PROGRAM NETWORK WITH OTHER UNIVERSITIES IN THE PROGRAM REASSESS IN APPROXIMATELY 12 MONTHS

33. RISK MANAGEMENT A JOURNEY NOT A DESTINATION

34. CONTACT DETAILS William Dunne Director of Risk Management UNSW Sydney NSW 2052 Phone (02) 93851414 Fax, (02) 96634203 Email w.dunne@unsw.edu.au

35. THE END