University risk assessment and management system

Abstract Educational organizations in modern society are full participants in economic activity, they also face various “threats” that affect the quality of their work. The consequences of these threats can be of different levels: as insignificant as well as before the devastating scale that can lead institutions to the partial or complete failure of the educational system. These risks can be located both inside and outside the organization. It is very important to realize that managing risks is possible only when they are known, otherwise it is simply not feasible. To be competitive in the developing area of education it is necessary to identify threats timely, to assess them directly and adopt any management decisions. It is a necessary measure to reduce risk. Such systematic risk management will allow higher education institutions to provide high quality education on their academic programs.