- July 5, 2011
- Your Price: $50.00
- Member: FREE
Effectively Managing Risk Across the Enterprise is a new and ground-breaking report from APQC on enterprise risk management (ERM). The University of California was one of the best-practice organizations in the Collaborative Benchmarking study.
Enterprise risk management at the University of California has been evolving from a more traditional risk management approach (which involves many routine, long-standing functions such as risk identification, loss control, claims analysis, and insurance and risk transfer methods), toward a strategic approach, leveraging enterprise-wide risk management, the indexing of risk, and the use of information technology.
The case study highlights the challenges common among highly complex, decentralized organizations. The University of California system today includes over 100 schools, colleges, and other facilities, comprised of over 150 academic disciplines, five medical schools and teaching hospitals, two dental schools, three law schools, and the state’s only public school of veterinary medicine. There is a business officers’ institute for each department at each campus responsible for managing the program of grants, including record keeping and compliance, within that department. The CRO likens the grants management piece to managing multiple individual businesses. The Risk Services Office trains the business officers to be their own risk managers. As stated by the CRO, “When you have the equivalent of 33,000 different businesses, we can’t take a top-down approach for ERM, but really need everyone—all 190,000 employees—to act as risk managers.”
Read the Report Overview
Read the best practice report: Effectively Managing Risk Across the Enterprise
Read the additional case studies: