At its core, risk management is about creating and protecting value by ensuring that resources are deployed appropriately in pursuit of the strategic business objectives of an organisation.
The University has a set of strategic objectives articulated in its strategic plan; ANU by 2020. These objectives and the implementation of actions to realise them, require risk to be managed effectively and consistently across the entire entity. The Entity Wide Risk Management Framework (ERMF, the Framework) outlines the practical measures in place that enable staff at the ANU to identify, assess and manage risk.
The Framework is supported by the ANU Entity-wide Risk Profile (ERP) which has been designed to outline the categories of risk the ANU is exposed to in the course of its operations. The risk profile is both a strategic and operational part of the University's overall risk management.
Visit the Risk and Audit website for more information.