It is important for Santa Clara University to maintain a strong risk management culture throughout the institution. To accomplish this, SCU will undertake an Enterprise Risk Management (ERM) approach to proactively identify, assess, prioritize, and mitigate risk.
View the complete ERM webinar training video HERE
Definitions:
- Risk - Effect of uncertainty on objectives
- Risk Management - Coordinated activities to direct and control and organization with regard to risk
- Enterprise Risk Management - A process that helps manage diverse organizational risks and supports successful achievement of objectives
The 3 Major Competencies:
