Risk Management is a continuous and holistic process to manage risks judiciously. The university’s risk management process is designed to:
Identify potential events, trends, and opportunities that may significantly affect the university’s ability to achieve its strategic goals and successfully maintain its operations, reputation, and legal obligations
Respond to risks based on the university’s risk appetite to provide reasonable assurance that the university’s objectives will be achieved
University of Colorado has a framework and proven tools to holistically manage risk. Risk management is a collaborative effort between campuses and system offices and is largely data driven. Risk management leverages assurance process integration through coordination between OIS, University Risk Management (URM), Legal, Internal Audit, and Campus Stakeholders. Consistent definitions for data classifications and impact levels play a key enabling role in effective risk management.
For more information on the Risk Assessment Process, click here.
For more information on the Risk Acceptance Process, click here.