Development of a Budgetary Risk Management Model for Extra Large Secondary Schools Under the Office of the Basic Education Commission
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Abstract
This Article aimed to study 1) The risks in budget management; 2)The guidelines for budget management; and 3) Develop a budgetary risk management model. The research design is a mixed method research using the concept of risk, the concept of risk management, and the concept of budget management in educational institutions as the research framework. The research area covered 156 of extra-large secondary schools Under the Office of the Basic Education Commission. The informants were 312 directors or deputy directors of basic education schools and heads of budget management groups or budget officers. The research instruments used were 4 types: 1) questionnaires, 2) in-depth interviews, 3) focus group discussions, and 4) appropriateness, feasibility, and usefulness assessment forms. Analysis data by Descriptive statistics and Content Analysis. The research results were found as follows.
1) Budget management risk is a planning risk 12 risk and is the most operational risk 31 risk type. The first risk score ranking is accounting risk score level 15.52.
2) The guidelines for budget management of extra-large secondary schools Under the Office of the Basic Education Commission applied a 5-step risk management process: (1) Objective determination, (2) Risk identification, (3) Risk assessment, (4) 4 risk management methods (4T’ Strategies): (4.1) Accept the risk (Take), (4.2) Reduce the possibility of risk (Treat), (4.3) Avoid the risk (Terminate), (4.4) Transfer the risk (Transfer), and (5) Report and Monitor.
3)The developed management model was called “A budgetary risk management model for extra-large secondary schools under the Office of the Basic Education Commission”. It had 6 components. consisting of (1) Model name, (2) Model principles/concepts, (3) Model objectives,
(4) Model management process, (5) Monitoring, follow-up and evaluation, (6) Factors/conditions for success in management, and checking the level of appropriateness, feasibility and usefulness in implementation at the highest level.
Knowledge/findings from this research are intended to be a guideline for planning personnel development in risk management of basic education institutions, especially in terms of school budgets.
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