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    653 views1 page

    Higher Education Risk Intelligence Map

    Uploaded by

    Andre Pion

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    of 1

    Risk Intelligence Map

    Higher Education Risk Intelligence


    Start Here
    Institutions thrive by taking risks but falter when risk is managed ineffectively.
    A Risk Intelligent Enterprise™ recognizes this dual nature of risk and devotes
    sufficient resources both to risk taking for reward and to the protection of
    existing assets.

    Planning and Strategy Governance Administration Academic Research Student, Alumni and
    The Higher Education Risk Intelligence Map™ provides a unique view on the Community
    pervasive, evolving, and interconnected nature of risk that executives and
    managers may find useful in identifying risks that apply to the higher
    education sector.

    The Higher Education Risk Intelligence Map is intended to serve as a guide Institutional
    Revenue Growth Campus Registration and Finance Information Faculty Continuing Educational
    on the journey towards Risk Intelligence by helping personnel in all functions Strategy
    and Streams
    External Factors
    Development
    Governance
    Enrollment Management
    University Facilities Human Resources Procurement
    Technology
    Legal Student Facilities
    Management
    Curriculum
    Education Excellence
    Colleges Research Student Affairs Alumni Affairs Community
    broaden their perspective on risk and improve their ability to execute their Effectiveness
    risk-related responsibilities.
    Strategy Development and
    This may be accomplished by using the Risk Intelligence Map to: Development and
    Government Support
    Competition Utilization of Real Board Effectiveness Registrar Accounting Student Housing Institutional Culture Sourcing
    Network Architecture Contract
    Libraries Faculty Recruitment Diversity Distance Learning
    Educational
    Diversity
    Focus of Research Excellence of Alumni Registration
    Service Community
    · spur discussions about risk management topics, including risk and Donations Security Management (Legal) Programs Activities Services and Commitment
    Monitoring Estate
    identification, prioritization, measurement, and mitigation
    · facilitate the connection of risk management silos Failure to comply with Increase in competition
    Failure to effectively
    Noncompliance of Inability to procure goods/ Failure to implement Inability to deliver student
    Lower level of services
    Poorly executed change Inefficient recruitment
    · identify redundant efforts in place to manage risk
    Lack of comprehensive Inadequate utilization of exercise governance and Inadequate policies/ technology aligned with Inappropriate level of Limited diversification in Inadequate Information centered educational Misalignment between Inability to track and
    governmental funding due to new emerging accounting policies and Inadequate processes to services effectively Lack of comprehensive Inability to foster students when benchmarked to
    strategic review and facilities oversight procedures and their management processes institutional strategy authority to enter contracts process to ensure timely curriculum Technology infrastructure environment university’s objectives and
    conditions manage student housing diversity international standards maintain contact with Inadequate connect with
    · improve efficiency in compliance and risk management efforts update procedures universities procedures policies and procedures induction of resources research fields
    compliance alumni the community
    for library activities
    Campus structure not Insensitivity to employee
    · develop risk event scenarios that require integrated responses. Failure to maintain Regional or international Insufficient communication Inadequate supplier Inability to develop an Failure to produce quality
    Strategic misalignment aligned with University’s Ineffective utilization and morale educational driven graduate/post graduate
    sufficient governmental aspirants from management selection process Recruitment not meeting Inability to deliver long Increased student
    between colleges and strategic long-term controls of financial Inability to provide technology Failure to comply with the Curriculum not up to date students Failure to harmonize Failure to maximize
    support Insufficient student records faculty requirements and distance learning courses research income and complaints/dissatisfaction
    University requirements system appropriate housing Misaligned institutional terms and conditions of Lack of effective annual campus diversity Failure to develop student Failure to embed the
    Challenges in establishing university objectives
    The Higher Education Risk Intelligence Map should be used as part of an Fluctuations in institutional competitive Inadequate knowledge of
    conditions culture to institutional Inadequate quality of agreements planning and budgeting funding loyalty spirit culture of community
    Ineffective progress Lack of knowledge in strategy Systems not to meet Students completing Inability to provide hands- services within students
    overall risk management program that is based on the fundamental principles monitoring of strategy government grants and advantage Disruption in campus board responsibilities procured goods/services
    university requirements Weak public knowledge/ education programs not
    buildings development Lack of timely information accounting principles and Lack of availability of on experience
    of the Risk Intelligent Enterprise. These principles define and integrate risk- implementation other donations interest in distance able to find good job Failure to choose
    or communication to practices qualified resources Issues related to gender opportunities
    Student dissatisfaction Inability to monitor contract Ineffective selection of Instructors Capability learning placements management appropriately amongst
    related responsibilities at every level of the institution, and address issues Change of governmental students on university
    Terms and conditions are library books various research initiatives Low participation in
    Lack of clear performance priorities activities compliance and sustain
    around planning and strategy, governance, administration, academic, indicators to assess
    Lack of integrity of
    Health and Welfare sourcing savings not in compliance with Alumni Events community activities
    Failure to create sufficient financial information Disaster Recovery laws and regulations Educational Programs not
    research, student, alumni, and community relations. strategy implementation at Benefits Management meeting market
    local and international alternative funding University Rating Inadequate tuition Ineffective controls over
    Managing Existing Board Structure and Faculty Retention Public Awareness requirements/demands
    levels streams other than collection from students borrowings and library Insufficient instructors
    Facilities Leadership Balance
    By implementing these principles, a higher education institute can transform government grants Health and Safety Inadequate due diligence subscriptions training Quality of Research Catering Service
    Inadequate employee Procurement and
    itself into a Risk Intelligent organization where: Contracts
    on prospective contracting Inability to raise funds from Community Relations
    benefits and health care parties
    · leaders adopt a broad outlook on risk and integrate risk considerations Failure to enhance Inadequate student Funds and Liquidity Inability to recover data alumni
    Management plans Management Poor staff capability Prospective students
    University’s rating Lack of a clearly information management Lack of processes/
    into strategic decision making regionally and globally Ineffective cross-functional communicated common incentives to retain unaware of continuing
    Enrollment Growth use of university facilities Laboratories Inability to control and
    Ineffective/inefficient education
    · the board of trustees executes fiduciary responsibilities to ensure that
    Target Students tone set by the leadership qualified faculty staff Student Tenure monitor campus ethnic Inadequate food quality
    Inadequate health and employee benefits plan Critical system resources Inadequate policies Weak attendance at
    Challenges in maintaining balance regarding research standards
    safety measures administration Absence of mechanism to are not available Inferior perception of the alumni events Inadequate community
    appropriate risk management controls and procedures are in place the rating in increasingly Inadequate identification
    prevent unauthorized outreach programs and
    Weak structure/ Noncompetitive market for the value of
    · capable processes, systems, and trained people exist to act on both risks competitive environment Improper deployment of
    university facilities composition of the board
    and monitoring of sources
    of funds Inadequate management
    Noncompliance with plans procurement
    Inappropriate planning for
    Intellectual Property
    (IP) compensation structure continuing education Unbalanced support to
    community partnerships
    Inability to meet current as documented in country Insufficient laboratory Evaluation of programs Extended tenure of Failure to establish Lack of catering
    and opportunities in a timely and coordinated manner Challenges in attracting Enrollments and monitoring of critical infrastructure various colleges/
    enrollment targets regulations materials and equipment Programs students reputation as a premier alternatives and diversity
    campuses
    · a consistent approach is used across the organization to manage all
    target students hazardous substances Inefficient emergency disruptions
    Ineffective communication Failure to adequately Lack of succession research institute Insufficient opportunities to
    from and to the board maintain funding levels procurement process support individuals,
    Inadequate response planning
    classes of risk in an effective and efficient manner. Change in community planning to handle Failure to provide effective Monitoring catering groups, local industry, and
    Inadequate external University Identity Absence of policies and Failure to register IP rights Program and quality educational
    demographics emergencies/crisis Human Resource Lack of effective laboratory Failure to produce arrangements with service businesses servicing the
    communication plan Poor cooperation and procedures and related Ineffective management of Inability to counter audit IT Contracting and Lack/poor curriculum Development experience
    Policies and safety measures commercially viable providers community
    The Higher Education Risk Intelligence Map is not a definitive or organizational alignment compliance funds received Procedures contract execution Outsourcing evaluation programs research results
    Inadequate security College Development
    comprehensive representation of all risks that may be encountered by a Unaligned institutional
    Inadequate financial measures along campus
    Failure to protect sensitive Faculty Development Weak student coaching
    strategy and students Insufficient market for Weak contract information pertaining to IP Ineffective controls over
    Higher Educational Institution. You may consider customizing the Risk profile growth and expansion Ineffective enrollment forecasting and cash flow buildings and facilities and mentoring Inadequate Failure to develop and
    Failure to establish a management administration/monitoring Improper bidding and laboratories materials Low participation in documentation, maintain adequate link
    Intelligence Map based on risks that affect your institution. processes to attract local Inadequate employment Programs not aligned with
    leading research university process selection, contracting, and maintenance surveys monitoring, and control with government and local
    and foreign students standards market needs Students with Special
    ongoing due diligence Failure to support over research work authorities
    Transparent Insufficient control over Inadequate faculty Needs
    international patent rights Inability to support college
    For more information on further customizing the Risk Intelligence Map to Ineffective marketing/ Management receipts and
    Violation of employment
    development assessment
    Ineffective utilization of development
    Lack of effective database disbursements of funds Poor security and privacy and planning Inappropriate balance of
    meet the needs of your institution, please contact your Deloitte practitioner. Student Defections
    publicity campaigns Reporting
    to handle enrollment from various sources practices
    controls on outsourced evaluation results and Inadequate program
    Student Centers evaluation Institutional Research research and teaching
    University process Internal Monitoring data improvement opportunities
    Clinics and Medical Compliance with fair Ineffective faculty and Planning activities
    Positioning/Image Lack of capability maturity
    Insufficient enhancement Ineffective monitoring of Facilities employment practice is not development processes
    Contractual inability to Inadequate outreach to assessments Lack of appropriate
    of University’s contribution Lack of adequate Decrease in enrollments receivables on time monitored
    to national human capital management reporting review security and Legal and Regulatory potential students facilities and arrangements
    Inadequate local faculty Lack of proper research for special need students
    and research capabilities privacy practices Compliance Ineffective student center Delivery Methods Inability to collect and
    Inability to retain students Excessive bureaucracy developed to sustain evaluation process
    activities track university related
    Incorrect/weak during procurement cycle university requirements
    Weak outreach activities Lack of adequately data
    management reporting Absence university policy
    Deviations in levels of Enrollment/ equipped clinics and Inability to provide student
    failing to provide adequate to cope with special need
    Inadequate drive to education system from medical facilities Lack of procurement Lack of guidance special services (i.e.
    information Graduation Rates Retention of Information Security Inaccurate conclusions on students
    promote University’s primary to higher personnel expertise in psychological counseling) Expanding Colleges
    Postgraduates regarding appropriate legal Obsolete teaching data analysis
    image education sourcing practices Research Capability
    Job Market Demands Lack of adequate Budgeting and Noncompliance with health methods Noncompliance with
    Lack of skilled human Faculty Performance
    management reviews of Forecasting and safety authority Management regulations
    Insufficient publicity of the Weak communication resources to resolve
    reports and financial regulations Insufficient surveys and
    institution Poor graduation or Poor postgraduate across procurement cycle Ineffective/inefficient Improper communication student issues
    statements audience participation
    success rates retention as faculty/ access controls of mandatory legal Lack of integration with Lack of expansion into
    workforce requirements Inactive marketing of information technology new fields Insufficient high caliber
    Failure to attract and retain Alumni Donations Changing job market Inaccurate budget Difficulties in sourcing
    right students and faculty Inability to track/monitor student center activities researchers among faculty
    needs assumptions doctors/nurses for onsite
    Graduates not meeting the procurement budget Vulnerability to hacking Unclear performance including local nationals Student Counseling
    international admission medical facility management criteria/
    attacks Ineffective communication Expansion not aligned with
    Inability to protect the Poor student orientation requirements for higher Failure to comply with KPIs/desired outcomes
    Unreliable information due to language barriers university strategy
    current position in studies regulations
    Inability to maintain used in planning and Training and Inadequate research
    education sector budgeting process
    adequate/effective alumni Weak career counseling Risk Oversight Development Ineffective antivirus support facilities
    Inadequate evaluation Lack of in-house expertise
    contact services Lack of processes in place strategy Recreations
    Transportation processes to facilitate expansion Lack of comprehensive
    to address low graduation Failure to monitor plans process student counseling
    rates and budgets Insufficient cooperation
    Ineffective/inadequate Lack of performance Job Market Influence practices
    Inability to raise alumni Lack of physical/logical with industry and private
    training and development reporting, variance
    Partnership with donations Weak career counseling security Lack of adequate funds to sector to create research
    programs Litigation and Dispute analysis and feedback
    Local Community services Inadequate oversight of Resolution Lack of recreational process enable expansion opportunities
    Inadequate transportation Inadequate quality of
    risk management activities Lack of adequate facilities strategies
    services to meet student counseling
    Inability to develop student Transfers programs for continued Lack of segregation of Unaligned government job
    institutional loyalty needs employability of market objectives with
    duties Ineffective safety and first
    Geopolitical Inadequate or employees curriculum Lack of tracking and
    Inability to partner up with inappropriate risk appetite aid procedures for Intellectual Property
    Insurance Inappropriate Ineffective litigation risk guidance for students with
    civil society and tolerance levels recreational facilities
    transportation budget and Training and development assessment Colleges’ weak academic
    Industry trends/
    capacity planning program not aligned with Management performance or behaviors
    University values Inadequate transfer Privacy and Data requirements affecting
    unaligned with community process institutional plans Production Inadequate activities curriculum
    values Cultural disconnect Lack of risk intelligent Residual claims from towards promoting healthy
    Private Partnerships Inappropriate insurance
    decision-making Weak transportation disposed or acquired student lifestyle Failure to protect
    coverage infrastructure to support Outsourcing of the training activities intellectual property
    Lack of acceptance of commuting activities and development function Ineffective management
    Unauthorized access to
    transfer students and oversight of college
    Corruption risks Lack of planning and personally identifiable
    Institutional Inappropriate in-house skill activities
    evaluation for insurance information (PII) Inability to defend lawsuits Failure to identify research
    Responsibility and set to effectively coverage Transport infrastructure
    Ethics outcomes that need
    Culture communicate with the not in accordance with Performance
    Unclear college reporting copyrighting
    private sector regulatory requirements Evaluation and Unclear ownership and
    Political instability Failure to monitor timely Compensation classification of data lines and authorities
    reporting Lack of pre-emptive legal
    Failure to positively Failure to establish risk management process
    Inability to secure private Compromise of research
    influence student values ongoing ethics and Poor maintenance of Misaligned College and
    partnerships data
    and culture compliance transportation vehicles Faculty not meeting Lack of data integrity university priorities and
    communications/whistle research publication
    objectives
    blowing policy targets
    Inadequate integration Low incentives for private
    Economic Conditions/ Failure to provide a means Violation of cross-border
    with the community market to partner up with Inadequate management
    Industry Trends for employees to raise Payments and privacy laws and Financial Control on
    universities Campus and reporting by College to the
    ethics and compliance Payroll Inadequate performance regulations Privacy and Security
    University Research Activities
    issues Facilities review process Laws
    Failure to establish a Maintenance
    student focused culture
    Alignment of Tuition Changing industry Failure to provide an
    anonymous line to report Ineffective equity and Technology Licensing Inadequate monitoring and
    Fees and Charges structure Inadequate authorization
    issues deferred compensation Failure to establish a reporting of financial
    of payments/payroll Absence of
    process formal privacy policy aspects of research
    comprehensive preventive
    activities
    Business/Institutional maintenance plan
    Continuity Macroeconomic changes Inability to track payments Failure to obtain
    Tuition fees and charges technology, software, data, Absence of clear
    to budget Failure to implement
    not aligned with market Inability to perform and/or hardware comprehensive criteria/
    privacy programs
    expectations campus and facilities procedure for research
    Potential delays/errors in maintenance on a timely Organization spending
    Inadequate analysis of Demographic changes Auditing and payment/payroll manner Structure Use of unlicensed and
    scenarios affecting Monitoring processing Failure to comply with
    Inability to attain target inappropriate software
    business/institutional applicable privacy
    students at existing tuition
    continuity Weak monitoring of third legislations
    fees and charges Failure to establish Recruitment of
    Inflation/deflation party service providers for Unclear lines of authority Research Students
    Inability to secure business partner escrow
    Failure to conduct effective maintenance issues
    capabilities to handle and agreements
    routine compliance audits
    continue business in Deflated tuition fees and
    Pensions Misuse and misalignment
    emergencies charges
    Changes in government of authority
    Failure to monitor ethics Security loopholes
    policies Failure to attract good
    Ineffective communication and compliance Records Records and quality post graduate
    Inappropriate delegation of Management Information
    system for emergencies research students
    Undetected control Lack of an efficient authority Management
    Poor student housing
    weaknesses and investment management
    maintenance
    management override of team Inappropriate distribution
    controls of decision making Poor satisfaction levels
    authority Improper management of amongst researchers
    External Fraud Failure to meet pension Poor maintenance of records Inability to produce
    International Ineffective implementation fund obligations onsite medical facilities Excessive specific college records
    Presence of corrective actions
    focus
    Lack of knowledge to Insufficient/poor research
    Inadequate oversight of Complex organizational Failure to maintain security
    preserve legal evidence Principal Investigators
    internal and external design
    Vendor or business
    Inadequate understanding auditors
    partner fraud
    of international expansion Lack of data retention
    dimensions Failure to promote
    policies and procedures Lack of document research amongst
    Ineffective antifraud Implications of retention policy graduate students
    programs (external fraud) Policies and Significant Events
    Inability to maintain and Procedures
    monitor the standards of Lack of ongoing
    the oversees branches Physical and responsibility to supervise
    Ineffective change Environmental mandatory retention of
    management documents
    Inadequate formal policies
    Inability to understand and and procedures
    consider the values and Organizational uncertainty
    habits of the host country causes recruitment and Inadequate physical
    retention challenges security around data
    Failure to update policies centers
    and procedures regularly Unclear communication
    and change management Inability to manage
    strategies environmental or climate Institutional
    Challenges to monitor Investigations
    changes
    implementation of policies
    and procedures
    Failure to properly conduct
    routine capacity planning
    Noncompliance/override
    of policies and procedures Failure to implement anti-
    fraud controls

    Develop/Implement
    Business
    Applications Inadequate execution of
    independent internal
    investigations

    Ineffective implementation
    Lack of regulatory
    of business applications
    awareness

    Lack of coordination
    Business applications not between legal and other
    meeting university departments
    requirements

    Business applications
    controls not implemented
    or utilized effectively

    Change Management

    Ineffective change control


    processes

    Unauthorized changes into


    the production
    environment

    Insufficient testing prior to


    implementation

    Inability to recover
    processes

    Non-performance of a
    post-validation check

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    accounting, business, financial, investment, legal, tax, or other professional advice or services. This document
    is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or
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    Deloitte, its affiliates, and related entities shall not be responsible for any loss sustained by any person who
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    Copyright © 2012 Deloitte Development LLC. All rights reserved.
    Member of Deloitte Touche Tohmatsu Limited

    Version 1.0
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