How do you manage risks effectively, efficiently and proportionally?
The further education sector has faced many challenges and risks in recent years and these look set to continue in 2019 and beyond.
Scrutiny of further education colleges is increasing too, with 2019 seeing the introduction of the further education insolvency regime, the Office for Students focusing more on student value for money, and executive pay remains a hot topic for the education sector at large.
What are the key risk themes within the further education sector?
RSM’s latest risk register analysis, drawing comparisons with our work in 2018 and 2016, enables you to compare your college’s risk profile with that of others.
Our report has undertaken further analysis of the contents of institutions’ strategic risk registers which has identified key risk themes in the following areas:
- finance and strategy;
- recruitment and human resources;
- student experience;
- government policy;
- collaboration and mergers;
- competition; and
Download a copy of our report and learn more about the key risk theme areas and how they benchmark with your college. Whilst risk management can never prevent a risk from materialising, it can, and does, help to understand possible causes and impacts and to plan the necessary controls and contingencies.