McMaster’s ERM applies a continuous and proactive cycle:
This approach enables agility and resilience in a dynamic higher education environment.
McMaster’s risk appetite is defined using the acceptance scale for each of the University’s risk categories. The scale’s flexibility allows straightforward application across and throughout the University in advancement of the core mission, strategic objectives and ongoing initiatives. McMaster continues to refine its quantitative and qualitative measurement statements of its risk appetite for the various risk categories and risk types.