We developed our Risk Management Policy and Risk Management Procedure to:

  • support effective decision-making guided by its Mission and vision
  • ensure a consistent and effective approach to risk management
  • formalise its commitment to risk management principles incorporating these into all University operations
  • foster and encourage a risk-aware culture where risk management is seen as a positive attribute of decision-making rather than a corrective measure
  • align ACU’s planning, quality and risk management systems, and their integration into all areas of the University’s operations
  • ensure robust academic and corporate governance practices effectively manage risk, while allowing for academic freedom, innovation and development.

ACU’s risk profile

Organisational units will update and monitor their respective organisational unit risk registers as part of their planning cycle.

In the first quarter of each year, organisational units provide an annual update on their risk registers, which is used to develop the University’s Risk Management Report and risk profile.

An annual Risk Management Report forms a vital part of ACU’s Risk Management Model and is provided to the Planning, Quality and Risk Committee and Audit and Risk Committee (hyperlink to TOR) to support monitoring and review elements of the risk management process.

This year, this report focuses on ‘high’ level risks identified by organisational units as well as their respective existing and future treatments. In doing so, this report will inform a review of the University Risk Register (link to SharePoint site) and provide recommendations to the Planning, Quality and Risk Committee.

Once reviewed and endorsed by the Planning, Quality and Risk Committee, this report and University Risk Register is provided to the Audit and Risk Committee for consideration and feedback.

For further information, request to Talk to an Expert from OPSM

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