Title of Risk Register
Context of Risk Assessment
The managing of risk is an integral component of effective corporate governance and builds on transparent and accountable processes consistent with informed
management decisions.
Implementation of the CQUniversity Risk Management Policy, Framework and Guidelines supports the management practices, decision making and resource allocation,
whilst ensuring the interests of all stakeholders are considered, maintaining confidence and assurance in the University. The University’s Policy and Framework aligns with
AS/NZS ISO 31000:2009 Risk Management – Principles and Guidelines.
CQUniversity is committed to the management of risk as an integral part of its operations, focusing on strategies to minimise risks to the University’s mission and
objectives. The risk appetite will be considered in strategic and operational decision making.
The following risk assessment aligns with the goals within the Strategic Plan 2016-2020. Our greatness will be demonstrated through excellence in our core business areas
of:
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Growing our Engagement and Reputation
Growing Higher Education and Vocational Education and Training
Providing a Great Student Experience
Undertaking Great Research
Expanding our Presence and Reach
The external context is considered in relation to the regulatory environment of the Tertiary Education Quality and Standards Agency (TEQSA), Australian Skills Quality
Authority (ASQA) and compliance with all other relevant legislation as applicable. However, Health, Safety and Environment risks have not been considered within this Risk
Assessment. To ensure compliance with Safety, Health, Environment, WorkCover and Sustainability (SHEWS) further consultation with the Health and Safety Office is
required.
No
Risk Identification
Risk criteria
Risk Register– Title
Risk Treatment
Plan/Activity
Indicators (lead/lag),
data source, evidence
Residual Risk Analysis
Consequence
Likelihoo
d
Overall
Risk Rating
Executive
Responsibility
(Risk Owner)
AS/NZ ISO 31000:2009 Risk Management – Principles and Guidelines - Terms and definitions
Activity/Plan (Control) – measures that modify risk – including any process, policy, practice or other actions – may not always exert the intended or assumed modifying effect
Residual Risk Analysis – also known as ‘retained risk’ – is the risk remaining after risk treatment refer to CQUniversity Risk Management Framework and Guidelines
Risk Assessment – overall process of risk identification, risk analysis and risk evaluation
Risk Criteria - reference against which the risk is evaluated – refer to Appendix 1 Specific Risk Categories CQUniversity Risk Management Framework and Guidelines and TEQSA Regulatory Risk Indicators, weightings and explanations
Risk Identification – process of finding, recognizing and describing risks
Risk Owner – person with the accountability and authority to manage a risk
Risk Treatment – risk treatments that deal with negative consequences are sometimes referred to as ‘risk mitigation’, ‘risk elimination,’, ‘risk prevention’ and ‘risk reduction’
Document Title: Risk Assessment –
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