Frequently Asked Questions
1. What is Enterprise Risk Management and what does it entail?
Enterprise Risk Management (ERM) is a process, effected by an university’s Board of Trustees, Senior Leadership, and faculty and staff, applied in the strategy setting and across the enterprise, designed to identify potential events that may affect the entity and manage risks to be within its risk appetite, to provide reasonable assurance regarding the achievement of university objectives. We have started with implementation of the process in our strategic planning. Take a look at this overview.