Risk Management Process
Information on corporate governance standards.
Please scroll to the bottom of the page for contacts and links
Do you need to comply?
Yes, a risk management process should be adopted for many aspects of your school’s operation.
Conditions of compliance
Risk is anything that may impede a school in the achievement of its objectives.
Risk is measured in terms of consequences and likelihood (AS/NZS ISO 31000:2009 Risk Management Principles and Guidelines).
If you have to comply, what do you have to do?
Schools, through a Risk Management Policy, should establish a comprehensive system of risk management, risk oversight, compliance, and internal control
The policy should set the risk tolerance for the school, approve the risk management framework, and monitor its effectiveness.
The Australian Standard 31000:2009 provides useful directions on how effective risk management can be implemented.
What are the consequences if you don’t comply?
Your school may not achieve its goals, targets and priorities.
Who will help you?
Independent Schools Victoria contact:
Director, School Services
Ph. 03 9825 7211
School Services Advisor
Ph. 03 9825 7275
Documents for Downloads
ISV: Risk Management Process (Members’ Area password required)
ISV: Risk Management Framework for Schools (Members’ Area password required)
Links and Resources
Vic DET: Emergency and Security Management
Vic DET: About Code Red Days
Standards Australia website • you can purchase AS/NZS 31000:2009 Risk Management Principles and Guidelines