UNIVERSITIES of AUSTRALASIA BENCHMARKING RISK MANAGEMENT BILL DUNNE DIRECTOR RISK MANAGEMENT UNSW.
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UNIVERSITIES of AUSTRALASIA BENCHMARKING RISK MANAGEMENT BILL DUNNE DIRECTOR RISK MANAGEMENT UNSW.
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Transcript of UNIVERSITIES of AUSTRALASIA BENCHMARKING RISK MANAGEMENT BILL DUNNE DIRECTOR RISK MANAGEMENT UNSW.
UNIVERSITIES of AUSTRALASIA
BENCHMARKING RISK MANAGEMENT
BILL DUNNE
DIRECTOR RISK MANAGEMENT
UNSW.
INTRODUCTION BENCHMARKING..WHAT DOES IT
MEAN ?
UNIVERSITIES BENCHMARKING PROJECT….. BACKGROUND INFORMATION
RESULTS
WHAT NEXT ?
BENCHMARKING DEFINED
AN ONGOING PROCESS FOR RIGOROUSLY MEASURING YOUR PERFORMANCE VERSUS THE BEST IN CLASS AMONGST YOUR PEERS,
AND CREATIVELY APPLYING THE RESULTS OF THIS ANALYSIS TO MEET AND SURPASS THE BEST IN CLASS.
THE RISK MANAGEMENT PROCESS. AS/NZS 4360.
IDENTIFY EXPOSURES
ANALYSE / ASSESS /PRIORITIZE / TREAT
MONITOR AND REVIEW
SELF ASSESSMENT
MEASURING PROCESS….NOT OUTCOMES
RISK MANAGEMENT ASSESSMENT BASIC
PREMISE.
IN THE ABSENCE OF ANY INTERVENING FACTORS…….
GOOD POLICIES PRACTICES AND PROCEDURES WILL ULTIMATELY RESULT IN GOOD PERFORMANCE.
PARTICIPATION
22 UNIVERSITIES FROM ALL STATES OF AUSTRALIA, AND 4 FROM NEW ZEALAND
21 OF THESE WERE ABLE TO MEET THE DEADLINE AND WERE INCLUDED IN THE ASSESSMENT
FORMAT
INTERNET BASED
INDEPENDENT DATA MANAGER
CONFIDENTIALITY ASSURED
ANSWER ONLY FORMAT
RESULTS COLLATED BY MANAGER
RESULTS TRANSMITTED ELECTRONICALLY
KEY PERFORMANCE INDICATORS
FACTORS LIKELY TO AFFECT THE BOTTOM LINE
NON COMPLIANCE WITH LEGAL REQUIREMENTS
MANAGEMENT REPORT GRAPHICAL REPRESENTATIONS SHOWING
RATINGS, ABOVE AND BELOW AVERAGE
COMPARISON OF EACH ELEMENT AGAINST BEST PRACTICE AND GROUP AVERAGE
BEST PERFORMER
CONGRATULATIONS
UNIVERSITY OF TASMANIA
94.8%
SOME PROBLEMS WITH SELF ASSESSMENT
LACK OF OBJECTIVITY
YOU CAN BE TOO EASY ON YOURSELF
OR TOO HARD ON YOURSELF
BIAS IN FAVOUR OF SMALLER ENTITIES
WHAT DO YOU DO WITH THE DATA
DON’T JUST LOOK AT THOSE ELEMENTS THAT YOU PERFORMED POORLY IN
CRITICALLY EXAMINE YOUR GOOD RATINGS AGAINST YOUR EXPECTED RESULTS
USE THE VERIFICATION GUIDELINES
DETAILED INFORMATION ON WHAT IS NEEDED TO ACHIEVE BEST PRACTICE IN EACH ELEMENT
IDENTIFY AREAS FOR IMPROVEMENT
LIKELIHOOD (how often)
CONSEQUENCES (how much)
COST OF RECTIFICATION
Evaluate & Prioritise Risks
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Frequency
Severity0
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Risk Management Styles
Risk AwareRisk Ignorant
Risk NervousRisk Averse
Risk
Control
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RISK MANAGEMENT GOAL SETTING
WHAT WILL I TARGET
WHAT IS MY TARGETTED % IMPROVEMENT
WHAT PROCESSES WILL I USE
WHAT IS MY TIMEFRAME FOR REACHING MY TARGET[S]
HOW MANY $$$$$$$ WILL I SAVE
BENEFITS OF SUCCESSFUL BENCHMARKING
IMPROVED GOAL SETTING
OVERCOME DISBELIEF
ACCOUNTABILITY
CULTURE CHANGE
RISK MANAGEMENT ASSESSMENT FORMAT
IS NOT MEANT TO BE ALL ENCOMPASSING
IS DESIGNED TO IDENTIFY KEY
PERFORMANCE INDICATORS ONLY
FUTURE BENCHMARKING TOPICS
ANY SUBJECT THAT YOU THINK IS
WORTHWHILE
CRITERIA
SIGNIFICANT RISK EXPOSURE
STANDARD FOR BEST PRACTICE
KEY PERFORMANCE INDICATORS
WHAT NEXT
DEVELOP IMPROVEMENT PROGRAM
NETWORK WITH OTHER UNIVERSITIES IN THE PROGRAM
REASSESS IN APPROXIMATELY 12 MONTHS
RISK MANAGEMENTA JOURNEY
NOT A DESTINATION
CONTACT DETAILS
William Dunne
Director of Risk Management
UNSW
Sydney NSW 2052
Phone (02) 93851414
Fax, (02) 96634203
Email [email protected]
THE END
