Educational risks management

Constant development of modern society is setting higher requirements to specialist training. In this connection, risk-management concepts need to be developed in order to take important desicions for educational establishment management. To create a qualitative instrument for managing educational risks quantitative techniques for risks assessment in higher education are considered in the paper. Risk assessment has been made by experts. The data received has been used for minimizing educational risks in managerial decision making. Determining an expert panel absence of personal interest in the matter has been taken into account to increase the quality of decision-making. Expert grouping has been based on the reasonableness evaluation of the issue in question. Then experts have assessed the educational risks on the proposed scale. Overall expert assessments have been calculated using mathematical statistics and dimension of agreement has been determined. For this purpose, the average rank and the average rank deviation from the risk universe have been determined and a multivariable rank correlation coefficient has been calculated. The given coefficient shows the dimension of the expert agreement. And the importance of the multivariable rank correlation coefficient has been assessed for evaluating the quality of the decision made and making conclusions on the data obtained. As a result, the most relevant risks in education have been identified and adequate measures have been taken to minimize those risks.