About the university

Risk Management

Information about business risk management at the University of Greenwich and guidance for staff, students and visitors on the university's Health & Safety risk management activities.

This webpage provides information on the University's risk management framework.  Separate guidance on carrying out health and safety risk assessments is provided on the Health & Safety webpages.

Taking risk is an essential part of the direction and control of the University.  Understanding and reacting appropriately to the risks involved in all the University's operations, both academic and supporting activities, is an essential part of the planning process.  Risk cannot always be eliminate, but it can be managed to reduce any adverse impact.  Risk management is a management tool to enable us, as far as possible, to quantify, prioritise and contain risk at all levels of the University's operations.  It is a means to make informed decisions as to the acceptability of a course of action in the light of those risks.

The University's risk management framework includes:

  • The Risk Management Policy, which establishes Greenwich’s approach to risk management by clarifying the roles and responsibilities of the Governing Body, the Audit and Risk Committee, the executive and other staff.  It  describes the context of risk management as part of the University’s overall system of internal controls, and arrangements for periodic review.
  • Risk Management Guide, which supplements the Risk Management Policy by explaining why risk management is an important element of the University’s governance arrangements, and how the various committees, management groups and individuals in the University who have risk management responsibilities should carry these out.
  • The University’s Statement of Risk Appetite, which specifies the amount of risk the University is willing to seek or accept in the pursuit of its long-term objectives. It indicates the parameters within which the University would want to conduct its activities.
  • The identification, evaluation and management of significant risks, through the regular review of the University’s institution-wide Strategic Risk Register, the risk registers for strategic plan sub- and enabling strategies, Faculty and Directorate risk registers, and risk registers for major projects. Templates are provided in Word and Excel for creating and maintaining risk registers in standard formats.

For further information contact the University Secretary, who is responsible for the implementation of the risk management framework and for regularly reviewing the framework.