ACRE Risk Consulting Limited

Risk and insurance consultancy and coaching services

Academies risk management

Is your academy working as effectively as it can?

Current political changes, the continued drive for educational improvement and ongoing budget pressures cause a continual review within academies as to how they go about identifying and managing risks to their strategic objectives. At the same time the Education Funding Agency are emphasising the need for compliance with risk audit recommendations and adherence to risk management principles to ensure current and future risks are recognised and managed. Now is the time to consider a fresh approach to the management of risk within your academy. Consider the following as examples of risk areas:

Education continuity – could your academy continue to deliver on all its educational objectives following a serious incident involving denial of access to your site?

Charitable status – policies and procedures should be effectively adhered to, ensuring compliance with your charitable status.

New systems and working practices ­- new data handling systems need to work effectively and in compliance with the requirements of the General Data Protection Regulations, non-compliance of which may result in fines being levied, possibly in excess of £500k. Employees may be resistant to changed working practices, for example, flexible working and increased use of technology whilst moving to a paperless environment to maximise efficiencies.