Enterprise Risk Management

Enterprise Risk Management is a structured approach to identifying, assessing, and managing risks that could impact an organization’s ability to achieve its mission and strategic goals. At RIT, risk is broadly defined as any event that may affect the university's competitive position or hinder progress toward our mission, vision, and objectives. Rather than eliminating all risk, RIT strives to be risk-aware and effectively manage uncertainty. Through ERM, we identify, evaluate, and respond to risks while considering their impact on the RIT community, reputation, finances, and overall performance.

While ERM is overseen by the university's senior leadership and managed by the Office of Compliance & Ethics, every employee plays a critical role in identifying and addressing risk.

For further details, you can explore our Risk Philosophy and ERM Program Purpose, Goals and Objectives, and Guiding Principles.