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Assessing Maturity of the Risk Management System in Higher Education Institutions

Author

Listed:
  • Tsvetan Tsvetkov

    (UNWE)

Abstract

The article aims to seek answers to four research questions, focusing on the specifics, existing practice, available scientific publications on the issue of assessing the maturity of risk management in universities; the possibilities for creating the framework for developing a model adapted to university practice of assessing the risk management maturity. A framework for the development of a similar model is presented, envisaging the implementation of the following activities: identifying the specific features of risk management in universities; identifying risk factors specific to higher education institutions (HEIs); defining the attributes that will underlie the model description; analyzing some existing models for assessing the maturity level; creating a substantive model; adapting the model to the specific conditions; a pilot assessment when using the adapted model.

Suggested Citation

  • Tsvetan Tsvetkov, 2020. "Assessing Maturity of the Risk Management System in Higher Education Institutions," Business Management, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 4 Year 20, pages 45-59.
    • Handle: RePEc:dat:bmngmt:y:2020:i:4:p:45-59
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    File URL: http://hdl.handle.net/10610/4402
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    More about this item

    Keywords

    risk; risk management; maturity; maturity assessment; universities;
    All these keywords.

    JEL classification:

    • I21 - Health, Education, and Welfare - - Education - - - Analysis of Education

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