King Saud University’s Board of Deans recently recommended that the University Council approve the Risk Management Plan, prepared by the Deanship of Development in cooperation with many KSU experts as well as experts from community institutions.
Dr. Salem S. Al-Qahtani Dean of Development and leader of the action team for KSU’s Strategic Master Plan 2030, said that many leading universities have developed comprehensive risk management plans, and that the Strategic Plan includes having such a plan. He added that as KSU steadily moves towards being an international university, and as its human and materials challenges increase almost daily, it is essential to have a plan in place to protect all assets.
Dr. Al-Qahtani stated that risks listed in the Plan are possibilities that could cause KSU to incur unexpected and/or unplanned losses that could affect the strategic objectives of the University, and if unchecked, could lead to human and/or material losses. The Plan, which addresses “what if” scenarios, has three main purposes:
- Protection from risks and averting them as much as possible;
- Addressing risks when they occur in an efficient and effective manner; and
- Installing an internal monitoring system that can anticipate risks and can sound a warning when a risk materializes.
The University’s General Administration for Safety and Security (GASS) is preparing an assessment and evaluation of possible risks with a clear and efficient methodology to face those risks. This would allow the KSU Administration to manage the risks by defining the locations where they may occur, analyzing and assessing the risks, and then using efficient methods to handle the situations.
Speaking about the project’s objectives, Dr. Al-Qahtani said the goal is to build a comprehensive plan for risk management at KSU and for coordination between colleges, supporting deanships, and other KSU units in employing unified models to implement policies and scenarios to identify potential risks and assess the possible consequences and effects of those risks on the University. The Plan is to also have an early warning system to decide who might be at the most risk.
The Plan includes evaluating the types of potential risks, broken into subsets, including construction dangers, natural hazards, chemical and fire risks, financial risks, health and medical risks, and the danger to documents, information, and human resources. Included is the potential risk to KSU’s academic, research, medical, and administrative reputations.
- Vice Rector Alkolibi approves media awareness plan for restructuring
- Balanced Scorecard Support Program important part of KSU’s 2030 Strategic Plan