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Developing an Effective Risk Management Plan for Student Organizations

This guide outlines the essential steps for creating a comprehensive risk management plan for student organizations. Presented by Dustin Smith, M.Ed., at the Office of Student Services, the plan focuses on recognizing and responding to potential threats, evaluating risks, and implementing strategies for loss control. Essential steps include acknowledging risks, identifying dangerous conditions, evaluating scenarios, making informed decisions, and supervising the plan’s effectiveness. All recognized ATSU student organizations are required to have a written risk management plan on file to ensure safety and compliance.

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Developing an Effective Risk Management Plan for Student Organizations

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  1. Presented by Dustin Smith, M.Ed. Office of Student Services Risk Management

  2. An Effective Risk Management Plan: • Recognizes and responds to danger that could interfere with the organization’s function. • Identifies threats to an organization’s continuing operation. • Controls loss by taking steps to reduce the severity should a loss occur.

  3. Why? • Each activity has its own potential risks. • Responsibility. • Student Organization. • All recognized ATSU student organizations are required to have a written risk management plan on file.

  4. Step One – Acknowledgement • The failure to recognize that accidents happen and that misunderstandings are part of the human experience, may needlessly expose an organization and its members to loss. • Assess the capability of the group to manage risk. • Step Two – Identification • Look for and report dangerous conditions or impermissible conduct to risk manager officers and/or advisors. • Communication is key.

  5. Step Three – Evaluation • Prepare for the “worst case scenario.” • Low Risk v. High Risk Situation • Not all risks are equal • Minor annoyances, waste of resources • Bankruptcy and loss • Know your overhead (events and fundraisers) • Step Four – Decision and Implementation • Avoidance • Modification • Transfer • Retention

  6. Step Five – Supervise, and appropriately revise, ‘The Plan’ • Appoint a risk manger to supervise and evaluation the plan. • Periodical review.

  7. Have Questions? • Having trouble with your organization’s Risk Management Plan, or just want more information? • Contact: Dustin Smith, Student Services Coordinator • Office of Student Services • DTSmith@atsu.edu • 480-219-6126

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