Enterprise Risk Management

Mission

The mission of the Office of Enterprise Risk Management and Administration (ERM) is to serve as a University partner with faculty, staff, and students to manage risk in the following areas: strategic, operational, financial, compliance, safety, reputation, branding and external. It is the goal of ERM to assist Delaware State University with maintaining a formal and sustainable risk culture that is robust and thorough.

2014-15 ERM Key Priorities:

• Develop and communicate the risk culture across the Enterprise
• Support responsible, sustainable growth within the defined risk appetite
• Establish a formal, centralized process to capture and track new issues
• Finalize an action plan to remediate the Top 10 key risks/issues identified
• Enhance reporting capabilities in risk data and metrics
• Communicate, educate, and engage key stakeholders in the ERM process

Through a University-wide effort to manage risk, Delaware State University can reduce the chance of losses, increase operational efficiency, and support the University’s strategic plan.