Risk, in one form or another, is present in virtually all of the university’s endeavors and calculated risk-taking will often be necessary to achieve strategic and operational goals. The university does not seek to eliminate all risk; rather, it seeks to be risk-aware and effectively manage risks. This is accomplished through risk identification, assessment, mitigation, and financing. Utilizing these tools determines the activity’s impact on the university community and the university’s reputation, financial position, and performance.
The purpose of the risk management is to enhance the university’s ability to achieve its goals and objectives and to foster a university-wide culture of risk awareness. Risk management staff serve the campus community and affiliated entities as a valued partner and resource by working together to maximize potential opportunities while managing institutional risks.