Annual Report 2005
The University recognises risk management as an integral part of good management and is committed to achieving best practice risk management. A primary objective of the UWA Risk Management Plan is to provide consistency to business risk management practices. The Plan outlines the Corporate Risk Management Framework, including a Risk Appetite statement, which is designed to provide assurance that all key risks within the business are being identified and managed appropriately.
During 2005, 59 business risk management plans were either reviewed or created and signed off by the relevant responsible authority. A web-enabled database was developed to house and report against all of the UWA business risk management plans.