Risk Management

1. Presented by Dustin Smith, M.Ed. Office of Student Services Risk Management

2. 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.

3. 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.

4. 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.

5. 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

6. Step Five – Supervise, and appropriately revise, ‘The Plan’ • Appoint a risk manger to supervise and evaluation the plan. • Periodical review.

7. 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