What is Enterprise Risk Management?
Enterprise Risk Management in its basic form is all about common sense and managing risk is something which all of us do on a continuous basis, albeit sometimes in a subconscious manner.
Every time we make a decision we create a risk:
Enterprise Risk Management is an integral part of good management practice. It is an ongoing process consisting of steps that enable managers to improve outcomes by identifying and analysing a wide range of issues and by improvement in decision making.
Risk is the possibility that an event will occur and adversely affect the achievement of the University’s objectives. Risk is measured in terms of consequences and likelihood.
The greatest risk is to take no risk at all. The challenge is to manage risk so as to ensure a successful outcome.
What are the techniques to manage risks?
Once risks have been identified and assessed, all techniques to manage risks fall into one or more of these four major categories:
Contact details:
Ms Portia N Mokoena
Risk Specialist
ORT 10-13
Tel: 012 429 2960
mokoepn@unisa.ac.za
Mr Kgosi Kgosiemang
Risk Specialist
ORT 10-11
Tel: 012 429 3976
kgosijk@unisa.ac.za
Location:
Muckleneuk campus
ORT Building 10-14
Tel: 012 429 6831
Fax: 012 429 3405
Postal address:
P O Box 392
UNISA
0003
Last modified: Mon Aug 07 16:42:05 SAST 2023