UGM is currently in the process of implementing risk management within the university’s organizational governance. The goal is to manage various activities based on measurable risk considerations to achieve optimal, effective, and efficient results.
This implementation process has been ongoing since the beginning of the fourth quarter of 2023. It has undergone several stages, including policy drafting, understanding business processes, training on work paper preparation, and developing a risk management information system.
“This will continue to be followed up on how this risk management concept can be applied. Therefore, Universitas Gadjah Mada is collaborating with Risk Workshop International (RWI) as the risk management consultant, led by Mr. Deddy for UGM,” said the Vice-Rector for Human Resources and Finance, Professor Supriyadi, on Monday (Apr. 29).
Opening the training session themed Risk Assessment and Risk Prioritization, Vice-Rector Supriyadi stated that understanding the risks associated with various functions and activities at UGM is a crucial part of good organizational governance.
This understanding aims to ensure that all units at UGM can mitigate, avoid, and control potential risks in managing various activities.
UGM hopes to minimize the potential impacts of risks in its various activities. However, mechanisms to systematically manage risk are often overlooked or not integrated into program management.
“Because we often do not realize that our various activities inherently carry risks. Risks do not only impact financial aspects, although eventual losses are accounted for financially. These risks can also affect various other aspects of our activities,” the vice-rector said.
Risks can include workplace accidents or poor service delivery to stakeholders, which can affect the university’s reputation.
Therefore, in the context of integrated risk management, the commitment of university and faculty leadership is crucial. This commitment fosters cooperation and various activities in better risk management.
“Why? Because each faculty and unit has different activities, which means different potential risks. Therefore, it is essential to identify the risks in each faculty and unit to mitigate and manage these risks subsequently,” he concluded.
Deddy Jacobus from Risk Workshop International stated that facing change and the future involves dealing with the effects of uncertainty. These effects must be managed, and uncertainty is difficult to handle.
When it cannot be measured, the effects must be measured. The effects arise from achieving or aiming for specific targets. In risk management, these effects are measured in two dimensions.
“The dimension of how likely an event is to impact our target achievement and the dimension of how significant the impact on our targets is. So, there is an aspect of probability and an aspect of consequence or impact of the event,” Jacobus explained.
Author: Agung Nugroho