Enterprise Risk Management
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Institutional ERM View McMaster's Key Risk Categories
The ERM program identifies key institutional risks that have the potential to disrupt McMaster University’s operations. These risks are analyzed, prioritized and closely monitored by the University’s ERM Committee, the President, Vice-Presidents and the Board of Governors.
Risk Tools & Templates Learn More about our Tools & Templates
McMaster employs several tools to successfully implement McMaster’s ERM Program. These tools are vital in the execution and monitoring of risks at the University.
ERM Maturity Learn More about ERM Maturity
McMaster’s ERM framework undergoes a risk maturity assessment, conducted by an external party on a regular basis, in order to evaluate progress and effectiveness of our risk management processes and structures.
Risk Framework
Under Development
ERM Policy
Under Development
Governance and Reporting
Under Development
Privacy McMaster Privacy Office
For more information on privacy and confidentiality, visit McMaster’s Privacy Office website.
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Objectives of the ERM Plan
The objective of the plan is to provide information regarding risks that could negatively impact the achievement of institutional goals and to support the University in accomplishing its strategic vision.
The Program works to address the full spectrum of significant risks at the University while supporting its mission and strategic priorities by identifying, analyzing, and monitoring risks. The Program also provides an overview of the institution’s challenges to prioritize and manage risks more effectively.
Benefits of the Plan
Benefits of the ERM program include:
- Alignment between institutional goals and frontline initiatives
- An increase in the likelihood of achieving objectives
- An effective way to prioritize and allocate resources
- Ability to identify threats and opportunities