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Office of Risk and Compliance

Enterprise Risk Management - Risk Assessment Process and Management Process

 Process

   Risk Advisory Working Group provides guidance and support for risk owners on the risk assessment process.

  • Scan internal and external environments for emerging risks.
  • Identify risks.
  • Assess the impact risks have on the university’s strategic goals.
  • Select risk mitigation techniques and strategies.
  • Monitor and evaluate the effectiveness of the mitigation efforts.
  • Document and report the process to executive sponsors and Risk Advisory Working Group

   Management plans

  • Risk owners collaborate with the AVP, University Risk & Compliance Officer to manage their risk areas.

Risk Assessment Process