Frequently Asked Questions
The ERM team does not directly manage the risks at the university. Risk management is a collective effort by everyone from top to bottom. Our approach is to reframe and formalize how the departments and individuals manage risks that impede their ability to obtain our goals. Embedding ERM concepts into existing controls is our focus.
ISO 31000 has been adopted as the university’s risk management framework. It is a comprehensive standard that expects ERM to be rooted firmly in the culture of an organization.
Contact ERM anytime. Our objective is to support the operational needs of the university. ERM uses the broadest definition of a risk — the effect of uncertainty on an objective where an objective can be institutionally, departmentally, or project focused.