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ERIC Number: EJ875236
Record Type: Journal
Publication Date: 2010
Pages: 6
Abstractor: As Provided
Reference Count: 6
ISBN: N/A
ISSN: ISSN-0736-0983
Integrating Risk Management and Strategic Planning
Achampong, Francis K.
Planning for Higher Education, v38 n2 p22-27 Jan-Mar 2010
Strategic planning is critical to ensuring that institutions of higher education thoughtfully and systematically position themselves to accomplish their mission, vision, and strategic goals, particularly when these institutions face a myriad of risks that can negatively impact their continued financial viability and compromise their ability to achieve their goals. This article argues that it is both logical and desirable to integrate risk management and strategic planning into one coordinated, holistic process to create a synergistic effect that leverages the benefits of both processes and makes them mutually reinforcing. The article notes that strategic planning and risk management unfortunately appear to be mostly undertaken as separate activities, something seemingly borne out by the plethora of writing on the disparate subjects and the dearth of writing on their integration. The article also discusses how to integrate risk management and strategic planning into a holistic process by sharing the experience of The Pennsylvania State University's Mont Alto campus as a potential best practice. (Contains 5 notes.)
Society for College and University Planning. 339 East Liberty Street Suite 300, Ann Arbor, MI 48104. Tel: 734-998-7832; Fax: 734-998-6532; e-mail: info@scup.org; Web site: http://www.scup.org/PHE
Publication Type: Journal Articles; Opinion Papers; Reports - Evaluative
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Pennsylvania