Risk Management in Public Educational Institution (Case Study at XYZ Education and Training Center)

This study aims to evaluate the risk management implementation and provide suggestions for improvements to the XYZ Education and Training Center as the research object, following regulations and best practice implementation. XYZ Education and Training Center is an educational institution in the field of sea transportation that opens its facilities to the public. Research on the risk management implementation in educational institutions is not widely carried out in Indonesia. Educational institutions also face internal and external risks, so risk management is needed so that organizations can mitigate risks that hinder the achievement of organizational goals. This study used a qualitative descriptive method with data instruments such as documentation analysis, interviews, and FGDs. This study used a conceptual framework for risk management ISO 31000[1] and a benchmarking method by comparing risk management at similar educational institutions as best practices. The study results indicated that the XYZ Education and Training Center had carried out the risk identification and analysis process but had not completed the risk evaluation and mitigation process. The proposed improvements included risk likelihood scale improvement, recalculating risk scores, setting risk priorities, determining risk appetite, and compiling risk mitigation.