Presented by Dustin Smith, M.Ed. Office of Student Services
An Effective Risk Management Plan: Recognizes and responds to danger that could interfere with the organization’s function. Identifies threats to an organization’s continuing operation. Controls loss by taking steps to reduce the severity should a loss occur.
Why? Each activity has its own potential risks. Responsibility. ○ Student Organization. All recognized ATSU student organizations are required to have a written risk management plan on file.
Step One – Acknowledgement The failure to recognize that accidents happen and that misunderstandings are part of the human experience, may needlessly expose an organization and its members to loss. ○ Assess the capability of the group to manage risk. Step Two – Identification Look for and report dangerous conditions or impermissible conduct to risk manager officers and/or advisors. ○ Communication is key.
Step Three – Evaluation Prepare for the “worst case scenario.” ○ Low Risk v. High Risk Situation ○ Not all risks are equal Minor annoyances, waste of resources Bankruptcy and loss -Know your overhead (events and fundraisers) Step Four – Decision and Implementation Avoidance Modification Transfer Retention
Step Five – Supervise, and appropriately revise, ‘The Plan’ Appoint a risk manger to supervise and evaluation the plan. Periodical review.
Have Questions? Having trouble with your organization’s Risk Management Plan, or just want more information? Contact: Dustin Smith, Student Services Coordinator Office of Student Services DTSmith@atsu.edu 480-219-6126