Date: 17th & 19th January, 2023
Time: 11:00 AM – 15:00 PM UAE Time
Early Bird Fee: 643 AED (175 USD) (for registration fully completed prior December 17, 2023)
Webinar Fee : 735 AED (200 USD) (for registration after December 17, 2022)
The need to manage risk in higher education is widely acknowledged by scholars and professionals and a well-developed body of knowledge is available to guide efforts to do so. However, its implementation, which was in the past growing at a snail’s pace, has been accelerated due to the Covid-19 pandemic, which triggered a global crisis of unprecedented scale. The pandemic clearly exposed the higher-education sector’s vulnerabilities and survivability to cope with such large-scale disruptions and risks including cyberattacks, information confidentiality issues, concerns about the resilience of critical business functions, availability and reliability of technology in teaching, as well as struggles with maintaining adequate students’ enrolment, access and engagement. These risks are further compounded by pre-pandemic issues such as declined funding, increased operational costs and increased public scrutiny for institutional quality and accountability.
As institutions see past the crisis and focus on the post-pandemic future, the need and benefits of risk management are further emphasized. The crisis has also strengthened the role of the risk function, gaining considerable attention from senior management, the Board and accreditation bodies. Institutional leaders are now required to not only train employees on risk and create institution-wide risk-aware culture, but also establish fit for purpose processes and governance structure for managing, escalating and mitigating risks that could adversely affect the achievement the institution’s strategic and operational objectives.
The webinar provides the participants with a step-by-step process understanding and application of enterprise risk management guided by the ISO 31001:2018 principles and guidelines. It is divided into two separate sessions with self-paced engagement activities. In the first session, the participants will go through the concept of risk and the framework underpinning risk management as well as the tools to use to effectively implement risk. In the second session, the participants will be given the opportunity to apply the ERM process to their institution and identify possible road blocks and solutions to effective implementation.
Directors and managers involved in strategic and operational planning and quality in Higher Education as well as Deans of colleges & schools, heads of departments. The workshop is also of relevance to academic and administrative leaders.
Intended Learning Outcomes:
At the end of this workshop participants will be able to:
- Discuss the role of ERM in higher education in an increasingly complex and uncertain environment
- Understand the main concepts and principles of the framework underpinning risk management as articulated in ISO 31000:2018.
- Link strategy with risk including the importance of risk in setting strategy, formulating business plans and managing performance.
- Define risk appetite and its importance in the risk strategy of the institution.
- Apply the steps of the risk management process: risk identification, analysis, evaluation and treatment
- Develop ERM program for monitoring, reporting and decision-making.
- Understand the drivers of and maturity risk culture in your institution
Main Topics Covered
What is Enterprise Risk Management?
- Why risk management is important?
- Concepts and framework underpinning ERM
Risk Management and Strategy
- Linking risk with strategy
- How to embed risk in strategy formulation and performance management
- What is the difference between risk appetite and risk tolerance?
- What is risk appetite and its importance in setting risk strategy of your institution?
Risk Management Process
- Risk identification
- Risk analysis
- Risk evaluation
- Risk treatment
- Developing your risk registers
- Risk Monitoring and Reporting
Developing your Risk Management Program
- Adopting the three lines of responsibility approach.
- Establishing the risk management governance structure
- Building institutional capability
Reflection on Participants risk management activities
- Evaluation feedback on risk registers
- What next?
The methodology of the workshop presentation adopts action-based learning and covers a variety of approaches including video presentations, case studies and engaging learning activities.
Mr. Mokhtar Benhadria, Malaysia
CLICKS’s International Associate,
Head of Quality Assurance Division at International Centre for Education in Islamic Finance (INCEIF),