There are many risks associated with quality of higher education. Classifying them into various categories such as risks associated with leadership skill of management and administration, human resources, infrastructure, academic affairs, financial etc. can give specific focus on each of them effectively.
The following are the risk factors can be addressed in each of the above category.
Good management is essential to provide efficient and sustainable services to the public in an appropriate way provided if it can have synchronized management of key resources for service provision such as human resources, infrastructure, academic matters, finances etc together at the point of service delivery. This can also be augmented with behavior like interaction with public (customer) and taking action based on assessment of public satisfaction. The effectiveness of this process depends on how proactively they are taking initiative on strategic planning and implementation. Internal control which ensures the reasonable assurance to meet the objectives of organization in compliance with applicable laws and regulations are very much necessary.
Risk management can be viewed in different perspectives such as ‘managing the downside’ or ‘considering risk as an opportunity to improve’. But the balanced view by minimizing risks, controlling uncertainties and managing opportunities will contribute towards better outcome.