Organizational Risk Management

          Risk is inevitable, and it is an integral part of life movement. One way or another and either at home or at a workplace, we all have to face risks of the future. Caught off guard, a risk could become a problem too big for us to solve. Conversely, any pending calamities such and such risks might bring forth could be comparatively lessened when we are well-prepared. Therefore, it is suggested that we learn how to manage risks way before common risks become nerve-racking problems in the future.

Chiang Rai Campus, led by Assoc. Prof. Dr. Tipchan Wongchanta, Director, and two other staff members in charge of the Campus’s strategic planning participated in the Organizational Risk Management Workshop at University of Phayao during September 12-13, 2022. 

Dr. Awiruth Chatmalathong, Director of Strategy and Academic Development, Chulalongkorn University, kindly conducted the workshop which included the following topics.
1. Foundation & Concept of Organizational Risk Management
2. Higher Education Landscape & Significant Risks
3. Risk Management Gap Analysis
4. Risk Clinic
5. Risk Culture Building


Faculty and staff members in charge of risk management from all schools and units at University of Phayao participated in the workshop. They were divided into 4 smaller groups to discuss and exchange ideas to improve their respective risk management plans. Mr. Suphote Manasukh, Acting Head of Administration, and Mr. Phanuphong Moolchanta, presented the 2022 Risk Management Plan of Chiang Rai Campus that included the following.

1. Identification of Organizational Risks
2. Types of Risks (S-O-F-C-E-G-T) as follows:
     2.1 S = Strategy Risks
     2.2 O = Operation Risks
     2.3 F = Financial and Resources Risks
     2.4 C = Legal and Compliance Risks
     2.6 E = Event and Disaster Risks
     2.6 G = Reputation and Good Governance Risks
     2.7 T = Technology Risks
3. Causes of Risks
4. Effects of Risks
5. Existing Risk Control 
6. Level of Risks (Opportunity x Effect)
7. Ways/Measures for Risk Management 
8. Key Risk Indicators (KRI)

The feedbacks and recommendations gained from the workshop will be used to improve the Risk Management Plan of Chiang Rai Campus.