Risk‐assessed Educational Management Available to Purchase

Recent initiatives in educational resource management in the UK, and with parallels elsewhere, have placed much emphasis on performance indicators, league tables, competition and financial viability. Through all this, risk assessment has entered into educational parlance. Inevitably, there are those ready to offer their consultancy skills. Analyses one such, which purports to apply a method first developed in an internal audit context. The considerable limitations of this risk assessment model are exposed. This leads into a discussion of risk assessment models more generally, and their strengths and weaknesses,together with improvements and refinements that may be made. It is clear that considerable caution needs to be exercised before using risk assessment models. Only after careful research and piloting should such models be contemplated in practice.