Risk Indicators
Descriptive responses that are most relevant to and guide the information and evidence collected during the accreditation event or complaint investigation. There are 15 risk indicators in the ANMAC Risk Assessment Tool.
Risk management
An effective risk management system is one incorporating strategies to:
- identify risks/hazards,
- assess the likelihood of the risks occurring and the severity of the consequences if the risks do occur, and
- prevent the occurrence of the risks, or minimise their impact.
Risk Profile
The collation of information in response to the risk indicators that guides accreditation committees in making decisions about programs’ overall level of risk and appropriate responses to those risks.
Risk rating
The rating assigned to the education program as the result of applying the risk rating score to the Risk Matrix found in the Risk Assessment Tool. The risk rating may be low, medium, high or critical and assists to determine the actions to be taken to mitigate or reduce risk that would impact the delivery of the education program including impacting the safety of the public.
Risk rating score
Risk rating score is calculated from the aggregated total of the 15 risk indicators scores.
Routine Monitoring
Monitoring of an approved program undertaken annually in the program monitoring report.