Graduate Research Papers
Availability
Open Access Graduate Research Paper
Abstract
The purpose of this study was to develop a comprehensive risk management plan process for use by nonprofit agencies. The application was based on risk management as it applies to [nongovernmental] nonprofit agencies.
The study was designed to review literature concerning the changing legal environment as it pertains to participants and service providers, including volunteers, of nonprofit agencies. The risk identification process was also reviewed. This review included three broad categories of risk: 1. property loss, 2. public liability and 3. loss due to operating the agency. Next, the risk analysis and evaluation process was reviewed. After that, methods of controlling risk were reviewed. Last, implementation of a risk management plan and periodic monitoring were reviewed.
The study found that the overall goal of risk management is to reduce an agency's exposure to potential loss from several sources. This may be achieved through use of a comprehensive risk management program. Establishing such a plan is a systematic process that involves several steps.
First, risks must be identified. Next statements expressing the risk management philosophy of the agency must be created and adopted by the agency's governing board. Third, each risk is analyzed and evaluated for its impact on the agency. Alternative approaches to managing each risk are documented. Fourth, the risk management plan is implemented by selecting the best approach to manage each risk. Policies and procedures are then developed for all areas of the agency. Fifth, the plan is periodically reviewed and updated.
Year of Submission
1998
Degree Name
Master of Arts
Department
School of Health, Physical Education, and Leisure Services
First Advisor
Susan Hudson
Date Original
1998
Object Description
1 PDF file (88 pages)
Copyright
©1998 Leslie E. Smith
Language
en
Recommended Citation
Smith, Leslie E., "Comprehensive Risk Management Planning for the Nonprofit Agency" (1998). Graduate Research Papers. 4426.
https://scholarworks.uni.edu/grp/4426
Comments
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