Lund University is to work with risk assessments for better internal governance and control. There are several benefits to risk assessment work because it
- increases the organisation’s ability to make quick and correct decisions
- creates greater efficiency within the organisation
- increases security in that we do work correctly
- makes violations of laws and internal regulations more difficult
This is risk management
Every day we ask ourselves what we want to achieve, what are the obstacles, how can they be overcome, and what it would cost. Out of all the measures that need to be done, is this specific one worth doing?
Support for making the right priorities
If we try to answer these and similar questions in a systematic and transparent way, we improve our conditions for good management of our resources.
It also makes it easier to set the right priorities with regard to reaching the organisation’s objectives. In addition, errors and fraudulent activities become easier to detect.
Support and advice
For more information, contact magnus.ekblad [at] rektor.lu.se
What is risk?
The risk management process involves managing risks that prevent the organisation to manage its resources, following rules and regultaions and conduct work in a targeted way.
One risk in this context is a combination of the probability of an event occurring and the consequences if it occurs.
An assessment of probability and impact – a risk assessment – provides good conditions for determining which measures are appropriate and for prioritising among many different possible measures.
Accepted level of risk – risk appetite
A perfectly reasonable and frequent result of risk assessment is that the University is prepared to accept a certain level of risk because it would otherwise be impossible to achieve its objectives and to provide successful education and research. One can say that the University has an appetite for risk.
All employees at the University should, as a natural part of their work, consider the risks, otherwise we would act irresponsibly and we would have a hard time achieving any results.
A more systematic consideration of risks – the risk management process – is part of the management processes at the University and is integrated with other operational planning.
Risk management on all levels
The University Board is ultimately responsible for the internal governance and control at the University. The vice-chancellor is responsible for ensuring that good internal governance and control permeates all activities at the University.
- heads of faculty offices,
- the head of administration, and
- heads of divisions
are responsible for risk management activities within their respective areas of responsibility, such as line organisation, processes and systems.
Equivalent managers within
- the University’s specialised centres (USV),
- MAX IV,
- Lund University libraries (LUB), and
- project managers within research projects
are responsible for risk management within their respective areas of responsibility.
All levels within the organisation shall be involved in its risk management work.