Risk management and higher education

Risk management, a concept that has been front and center for many institutions around the world, is just emerging as a concept in some countries. A study of educators in Ethiopia, with only 130 mostly private post-secondary higher education institutions (PHEIs), found that the most important risks fall in the five categories of "teaching and learning; financing; infrastructure and resources; research and outreach, and policy and regulation." With a significant purpose of capacity building, it's critical that all countries look at the unique attributes of their higher education sector in order to make sure that this precious resource is protected and sustainable under difficult circumstances.