Enterprise Risk Management

JWU has developed an ERM framework to help protect and enhance the institution by identifying, assessing and managing risks. This is accomplished by:

• understanding the significant risks facing the university
• putting measures into place to mitigate or reduce those risks to an acceptable level
• evaluating risks on an ongoing basis to assure that organizational or environmental changes are understood

The value of effective risk management practices is to:

• avoid and/or mitigate risk
• assure compliance with legal, regulatory and ethical responsibilities
• increase certainty in meeting strategic and operational objectives
• eliminate silos
• consolidate processes

JWU "Risk Wheel"
The risk wheel is a graphical representation of high-level institutional risks, key risk management strategies and our competitive advantages.