University of Vermont

Enterprise Risk Management

Evaluation

Evaluation

The purpose of risk evaluation is to make a decision, based on the results of the risk analysis, about which risks and opportunities require a response and about the priorities for response implementation. 

Each risk or opportunity’s risk score (the product of impact X likelihood) will determine where it falls on UVM’s risk and opportunity “heat map” and what level of institutional review each risk or opportunity will receive.

  • Risks and opportunities scoring 1-3 are retained at the unit level and managed by the responsible official.
  • Risks and opportunities scoring 4-9 are included on the institution’s risk register, reviewed by the ERMAC and PACERM, and overseen by the responsible official.
  • Risks and opportunities scoring 10-18 are included in the risk portfolio, reviewed by the ERMAC, PACERM, and President, overseen by the PACERM, and discussed with the Board of Trustees.

UVM's Risk & Opportunity Heat Map



Last modified June 20 2012 12:47 PM

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