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Title Risk Management in the Activities of a Modern University: a Comparative Analysis of British and Ukrainian Experience
 
Names Клочкова, Тетяна Іванівна
Klochkova, Tetiana Ivanivna
Сбруєва, Аліна Анатоліївна
Sbruieva, Alina Anatoliivna
Пшенична, Любов Василівна
Pshenychna, Liubov Vasylivna
Date Issued 2017 (iso8601)
Abstract The article presents a comparative analysis of implementing the risk management system in the universities of Great Britain and Ukraine. Most of the focus is put on the identification and analysis of the high-priority risks incurred by the Ukrainian and British universities. In particular, the key risks under study include the compliance risk, reputation risk, financial risk, the risks of student experience and staffing issues. The appropriate risk mitigation measures which may reduce the impact of each risk on the operating activities of university are given along with the detailed risk description. The system of measures aimed at reducing the probability of occurrence of a particular risk type or mitigating its consequences has been identified and generalized on the basis on the empirical data obtained as a result of applying the methods of document analysis. The effectiveness of implementing the risk management practice in the activities of the Ukrainian universities has been confirmed. The recommendations for the development of risk management in the Ukrainian higher education at the national and institutional levels are formulated. The expedient measures at the institutional level include, but not limited to, the development of risk management strategy, the specification of methodology for the risk identification and analysis, ensuring the university’s risk accounting, systematic monitoring of the risk management process, reporting on the risk management outcomes. At the national level, it is appropriate to develop the regulatory framework of risk management, providing for a pro-forma portfolio of risks, the management of which the higher education establishment shall be liable for.
Genre Article
Topic modern university,
Identifier Klochkova, T. Risk Management in the Activities of a Modern University: a Comparative Analysis of British and Ukrainian Experience [Text] / T. Klochkova, A. Sbruieva, L. Pshenychna // Science and Education. ‒ 2017. ‒ Is. 10. ‒ Р. 13‒23.