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ERM Resources & Tools
About Risk Management
Assessing risk data from across various departments and units provides managers the information needed to address risks on a broader University-wide scale. Enterprise risk management increases the awareness and connectivity of personnel at all levels. Assessing risks from a University-wide perspective provides personnel the opportunity to review their responsibilities and to review how, what they do or don’t do, affects the achievement of the overall mission and goals of the institution. Managing risks requires identifying the risks and exercising prudent judgment to eliminate, limit, shift, or accept the risks.
What is Enterprise Risk Management – What is it and How Do You Implement It?
* Source: Current Issues in Higher Education, NCURA Newsletter – December 2005/January 2006, Vol. XXXVII, No. 5. Written by Peggy Zapalac, Director of University Risk Management, Texas A&M University.