What We Do
As the Enterprise Risk Management department at McMaster University, a Top-down approach has been taken fostering the building of a strong linkage with the University's core mission and strategic priorities to generating a small number of critical current and emerging risks that have been considered to have the greatest impact on the University.
Enterprise Risk Management is a best practice that is being embraced by higher education institutions. Below are the principles that make the Enterprise Risk Management program come to life at McMaster:
Enterprise Risk Management (ERM) Approach at McMaster
- a university-wide risk management process applied in a strategic and operational objective setting across the university,
- designed to identify potential events that may positively or negatively affect the institution, and
- designed to manage the risks so they are within the university's defined risk appetite, thus contributing to the assurance that the institution's objectives can be achieved.