This video — developed to inform colleges and universities looking to implement an enterprise risk management (ERM) program — provides guidance, practical tips, and examples on how to implement each step of the ERM process: identifying, assessing, and treating, and reporting and monitoring risks.
An effective ERM program requires consistency and commitment. Given that the success of risk management initiatives depends on your unique culture and people, leaders can share this video to start conversations about ERM with colleagues, ERM committee members, risk owners, and members of the senior administration and board.
Review UE's ERM process tracker and user guide for higher education to start your ERM process and document progress for each step of the process.