Abstract

Risk management practices have become important management control instruments in organizations and institutions of learning due to complexity and uncertainty. The purpose of this article is to evaluate the application and effectiveness of risk management practices at the Copperbelt University School of Medicine in Ndola, Zambia, based on data collected directly from institutional stakeholders. A mixed-methods design was employed in the study, combining qualitative interviews with quantitative surveys. Data was collected from 78 respondents who were administrators, faculty, and support staff at the School of Medicine. The analytical approach included statistical analysis of survey data and thematic analysis of interview data. The findings show that although risk management frameworks exist within the institution, implementation remains uneven across departments. Validation by management practitioners confirms that current practices achieve a 67.5% mean effectiveness rating, which falls in the moderately effective category. Stakeholder feedback indicates that more comprehensive training and better communication channels are necessary. The finding is that enhancement of current risk management practices through embracing systematic implementation, sufficient documentation, and regular review would significantly improve management control under uncertain circumstances at the institution.