Risk Management in Educational Opportunity Expansion Schools

Abstract

Risk management in educational opportunity expansion schools play an important role as it aims to achieve proper results that will probably enhance the efficiency and effectiveness of schools. Risk management guidelines can be determined by 4 aspects as follows: 1) Strategic risks including situation analysis and strategy setting, strategy implementation, and strategy control and assessment; 2) Operational risks including monitoring, personnel development, supervision, quality assurance, administrative affairs, learning process development, and research for educational quality development; 3) Financial and budget risks including budgeting and budget proposals, budget allocation, monitoring, evaluation and reporting, resource funding and investment, financial management, accounting management and supplies and asset management; and 4) Risks on compliance with laws and regulations including disciplines, internal control, and rule and regulation conversion. These guidelines are to be implemented together with the academic administration and general administration so that opportunity expansion schools will benefit and achieve their goals.