research students, bringing in £13.8m in 2015/16; this is derived from the HESA student return. HEFCE funding calculated from the HESES return directly now brings in £11.2m of funding. But these are small in relation to the University’s turnover of £1.4bn in 2014/15, with RDP amounting to less than one percent. The likelihood is not that we make a return with no PGR students (which would need to be the case to lose the entire £13.7m of RDP funding), more that a ‘wrong’ figure would be calculated. The gross risk is then calculated as a multiplication of the likelihood and impact scores on the grid below. This is known as the risk tolerance (or appetite). Likelihood 4 3 2 1 Impact 4 16 12 8 4 3 12 9 6 3 2 8 6 4 2 1 4 3 2 1 Risk High: 12-16 Medium: 6-11 Low: 1-5 The action required for each level of gross risk is discussed in the next section. In assessing risk there may be a number of dimensions which need to be taken into account. These may include (but are not limited to): Completeness of source data; Reliance on data from other departments or sources where the level of control over data quality is uncertain; Timeliness in the availability of source data; Complexity and timescale of the processes needed to complete the return; Availability and retention of knowledge, skills and experience needed to complete the return; IT infrastructure and appropriate technology; Culture among senior management and return compilers regarding the significance of the return, including post-collection usage such as league tables and institutional subscription rates; Quality of, and access to, relevant guidance on the requirements of the return and other uses to which the data is likely to be put; Compliance with regulatory requirements including data protection and data security. In using the above processes to assess risk, it may be necessary to work through the likelihood and impact for each dimension, with the overall assessment being the highest level of risk across the dimensions. A template is provided at Appendix 4 to aid the aggregation of these elements. The Appendix is available as a separate document for download and use.
Appendix 3: KIS Courses at Oxford with Accreditation 2014/15 KIS Title PSRB SITS Code SITS Programme Group Title FTE 2014/15 Headcount MEng (Hons): Biomedical Engineering Chemical Engineering Civil Engineering Electrical Engineering Engineering Information Engineering Mechanical Engineering Institute of Measurement & Control Institution of Chemical Engineers Institution of Civil Engineers Institution of Engineering & Technology Institution of Mechanical Engineers Institution of Structural Engineers UE_EN1 MEng Engineering Science 576 593 MChem (Hons) Chemistry Royal Society of Chemistry UC_CY1 Master of Chemistry 700 718 MEarthSci (Hons) Earth Sciences BA (Hons) Geology Geological Society UG_EG1 Master of Earth Sciences 127 128 BA (Hons): Experimental Psychology Psychology and Linguistics) Psychology and Philosophy British Psychological Society UA_EP1 UA_EPZK1 UA_EPZ1 BA Experimental Psychology BA Psychology, Philosophy and Linguistics BA Psychology and Philosophy 162 47 19 163 48 21 Sub-total 228 232 BA (Hons) Law BA (Hons) Law with European Law BA (Hons) Law with French Law BA (Hons) Law with German Law BA (Hons) Law with Italian Law BA (Hons) Law with Spanish Law Bar Standards Board Solicitors Regulation Authority UA_JU1 BA Jurisprudence 545 565 MEng (Hons) Materials Science Institute of Materials, Minerals and Mining UE_MR1 MEng Materials Science 117 121 MMath (Hons) Mathematics and Statistics Faculty of Actuaries Royal Statistical Society UM_MSST1 MMathStat Mathematics and Statistics 70 72 BM BCh (Hons) Medicine General Medical Council UA_MD6B1 UH_MD6C1 UH_MD6D1 Medicine - Pre-clinical (3 years) Medicine - Clinical Medicine - Graduate Entry 441 401 110 450 403 111 Sub-total 952 964 BA (Hons) Physics (3 years) MPhys (Hons) Physics (4 years) Institute of Physics UA_PS1 UP_PS1 BA Physics Master of Physics 91 518 95 528 Sub-total 609 623 All accredited undergraduate courses 3,923 4,016