Lessons learned: risk
- A formal risk assessment at the outset, endorsed by all partners, can be a worthwhile exercise.
Top tips: monitoring and reporting
- Put a plan in place (with targets) against which to monitor activity and achievements.
- Proactively communicate success and don’t be afraid to champion your achievements. It is important that people recognise what has been accomplished as a result of the sponsors’ contributions.
- Keep on top of reporting requirements (financial reports, accounts etc.) in the way expected by the Department for Education.
University of West of England and University of Lincoln are useful case study examples in illustrating the risk assessment and monitoring and reporting requirements in their sponsorship arrangements.
To find out more see the full case studies below.