[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-241195-105":53,"doc-detail-241195-en":126},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":119,"head_meta":121,"extra_data":123,"updated_unix":125},105,"en","risk-management-policy-open-training-college-1809","Risk Management Policy Open Training College - 1809","","Risk Management Policy for Open Training College defines an ongoing, systematic approach to identify, assess, and manage risk to increase the likelihood of achieving strategic objectives. It sets out the policy purpose, scope across academic, administrative, corporate services and partner providers, and clarifies roles and responsibilities for SMH Board, OTC Academic Council, senior management, and sub-committees. The document explains principles for risk management, describes risk appetite categories (corporate/operational, project, strategic), and outlines how risks are identified, assessed, monitored, and reported.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":51,"@type":70,"position":76},"https://docshare.wps.com/template/general/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/risk-management-policy-open-training-college-1809/241195/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/risk-management-policy-open-training-college-1809/241195.png","ImageObject",442,249,{"name":88,"@type":89},"Finn","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-09-23","2026-09-12",true,{"@type":98,"interactionType":99,"userInteractionCount":76},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What is the purpose of the Risk Management Policy for Open Training College?","Question",{"text":108,"@type":109},"The policy provides guidance on managing risk and explains the college’s underlying approach. It also documents roles and responsibilities for key bodies to support strategic objectives, protect people and assets, ensure financial sustainability, and comply with self-monitoring requirements.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"Who is responsible for overseeing risk management within the college?",{"text":113,"@type":109},"SMH Board (finance and business) and OTC Academic Council (academic matters) oversee risk management across the college. College Directorate and the College Management Team support and implement approved policies, while specific roles (such as Programme Directors and quality/corporate governance leaders) encourage good risk management practice in their areas.",{"name":115,"@type":106,"acceptedAnswer":116},"What risk appetite does the policy define for corporate/operational, project, and strategic levels?",{"text":117,"@type":109},"Corporate and operational risk appetite aims to minimise exposure. 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Introduction  \nRisk management is the on-going process that informs strategic development through the identification and treatment of risk so that strategic objectives are more likely to be achieved, damaging events are avoided or minimised and opportunities are maximised. Good risk management increases the probability of success, and reduces the probability of failure and uncertainty of achieving the College's objectives. The OTC is committed to establishing and maintaining a systematic approach to the identification, assessment and management of risk.  \nNote: prior to the QA review for Re-engagement risk management in the College was more implicit and informal that explicit and formal. This following Risk Management Policy and procedures will operate from Autumn 2018.  \n2. Purpose  \nThe purpose of the risk management policy is to provide guidance regarding the management of risk and to explain the College's underlying approach to risk management and to document the roles and responsibilities of SMH Board ( finance and business) , OTC Academic Council ( academic matters) and its sub-committees, the senior management team and other key parties in order to:  \n▪ support the achievement of strategic objectives;  \n▪ protect staff, students and assets;  \n▪ ensure financial sustainability; and  \n▪ to comply with the requirements of self-monitoring.  \nIt also outlines key aspects of the risk management process, and identifies the main reporting procedures.  \n3. Scope  \n3.1 This policy applies to all College academic, administrative and corporate services, and to its partner providers. In addition, where relevant other third party risk registers, will also be reviewed as part of the College’s risk management process.  \n3.2 This policy forms part of the College's internal control and corporate governance arrangements. It explains the College’s underlying approach to risk management, documents the roles and responsibilities of SMH Board, Academic Council, College Directorate, senior management, and other key parties. It also outlines key aspects of the risk management process, and identifies the main reporting procedures.  \n▪ At a College level: risks can affect either positively or negatively the College's ability to operate and/or deliver its long term aims and objectives.  \n▪ At an operational level: risks can affect the successful delivery of operational plans and hence achievement of academic and financial priorities as contained in the College's key sub-strategies.  \n▪ At a project level: risks can affect the successful delivery of the project’s stated benefits by impacting the cost, time and/or quality of outputs.  \n4. Policy Statements  \n4.1 Underlying approach to risk management  \nThe following key principles outline the College's approach to risk management and internal control:  \n▪ SMH Board (finance and business) , OTC Academic Council (academic matters) have responsibility for overseeing risk management within the College as a whole;  \n▪ An open and receptive approach to solving risk problems is adopted by SMH Board and Academic Council;  \n▪ The College Directorate and the College Management Team supports, advises and implements policies approved by SMH Board and Academic Council;  \n▪ Programme Directors, Head of Quality & Academic Affairs and Manager of Corporate Governance are responsible for encouraging good risk management practice within their areas.  \n▪ The College's significant risks will be identified and closely monitored on a regular basis.  \nThe College has a responsible approach to risk management, seeking to recognise and manage its exposure to risks. In pursuit of achieving its strategic aims and academic mission the College will, therefore, accept a degree of risk, commensurate with the potential reward within defined tolerances for risk agreed by SMH Board (finance and business), OTC Academic Council (academic matters) for key are","cbCaiacjbAR0CwKS","https://ap.wps.com/l/cbCaiacjbAR0CwKS","pdf",324461,8,"English","# 11.5 Risk Management Policy\n## 1. Introduction\n## 2. Purpose\n## 3. Scope\n## 4. Policy Statements\n### 4.1 Underlying approach to risk management\n### 4.2 Risk identification, assessment and management","[{\"question\":\"What is the purpose of the Risk Management Policy for Open Training College?\",\"answer\":\"The policy provides guidance on managing risk and explains the college’s underlying approach. It also documents roles and responsibilities for key bodies to support strategic objectives, protect people and assets, ensure financial sustainability, and comply with self-monitoring requirements.\"},{\"question\":\"Who is responsible for overseeing risk management within the college?\",\"answer\":\"SMH Board (finance and business) and OTC Academic Council (academic matters) oversee risk management across the college. College Directorate and the College Management Team support and implement approved policies, while specific roles (such as Programme Directors and quality/corporate governance leaders) encourage good risk management practice in their areas.\"},{\"question\":\"What risk appetite does the policy define for corporate/operational, project, and strategic levels?\",\"answer\":\"Corporate and operational risk appetite aims to minimise exposure. Project risk appetite is classified as “open,” supporting opportunities and innovation while ensuring benefits and risks are understood before authorisation. Strategic risk appetite is classified as “cautious,” balancing pursuit of mission goals with protection of core business and values.\"}]","Risk Management Policy Open Training College - 1809 | PDF"]