Process of Enterprise Risk Management in Public Higher Education Institutes
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Abstract
This qualitative research aims to study enterprise risk management process in Public Higher Education Institutes of Ministry of Higher Education, Science, Research and Innovation (MHESI). There were 9 key informants selected purposively with expert qualification of enterprise risk management. The in-depth interview data were collected by using semi-structured interview form of enterprise risk management, and analyzed by using content analysis. The results showed that enterprise risk management processes of MHESI in 4 aspects focused on 5 components of risk management, as follows: 1) The aspect of Good governance management focusing on 1 component: governance and culture, 2) The aspect of Budgeting management focusing on 4 components: governance and culture, strategy and objective setting, performance, & review and revision, 3) The aspect of Strategic plan management focusing on 4 components: strategy and objective setting, performance, review and revision, & information, communication and reporting, and 4) The aspect of Decision Making process focusing on 3 components: governance and culture, review and revision, & information, communication and reporting.
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The manuscript submitted for publication must be the original version, submitted only to this particular journal with no prior acceptance for publication elsewhere in other academic journals. The manuscript must also not violate the copyright issue by means of plagiarism.
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