Developing & Implementing Enterprise Risk Management in Higher Education

Enterprise Risk Management (ERM) is the comprehensive program adopted by institutions to identify and manage – proactively and continuously – real and potential threats as well as opportunities that may affect their operation, both locally and globally. Adopting an ERM approach assists institutions to:

  • Increase productivity, responsiveness, and accountability while reducing costs
  • Sustain its competitive advantage
  • Address the rapidly changing risks affecting higher education
  • Respond to increased regulation in higher education
  • Achieve ‘good stand’ with accreditors and regulators
  • Respond effectively when a significant event occurs
  • Establish trust and integrity among various internal and external stakeholders

Unfortunately, very frequently Higher Education Institutions manage risks with a siloed, transactional approach. While this approach may mitigate an individual matter at hand, it does little to identify strategic and reputational risks that can impact an institution’s ability to meet its mission and goals. Enterprise Risk Management (ERM) offers institutions a method for integrating risk into the strategic decisions of senior leaders and board members to better position the institution to accomplish its objectives. This ‘hands-on’ program will introduce participants to the concepts, principles, processes and applications of enterprise risk management in higher education. Target Audience

  • Directors and Managers leading institutional risk management, strategic planning and institutional effectiveness
  • Directors of QA
  • Compliance and Risk Management officers
  • Internal Auditors
  • Directors of Student Affairs, Branding and Communication
  • Directors and Managers of Finance, IT and Legal Affairs Departments