How can you manage risks in education?

4 Treat the risks

The fourth step is to treat the risks by developing and implementing appropriate actions and measures to reduce, mitigate, or eliminate them. These could include preventive actions, such as training, policies, or standards, or corrective actions, such as contingency plans, backups, or insurance. You can use tools such as risk registers, action plans, or risk owners to document and monitor your risk treatment activities and responsibilities.

5 Communicate the risks

The fifth step is to communicate the risks by sharing relevant and timely information and feedback with your stakeholders, such as students, staff, parents, or regulators. This will help you build trust, transparency, and collaboration in your risk management process and ensure that everyone is aware of the risks and their roles and expectations. You can use methods such as reports, meetings, newsletters, or workshops to communicate the risks and their status and progress.

6 Review the risks

The final step is to review the risks by evaluating the effectiveness and efficiency of your risk management process and outcomes. This will help you identify any gaps, issues, or opportunities for improvement and learning in your risk management practice and performance. You can use indicators such as key performance indicators, audits, surveys, or lessons learned to review the risks and their impact and value.

7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?