Enterprise Risk Management is George Mason University’s overarching process designed to provide a methodology, a common language, and a set of standards to identify, evaluate, prioritize, manage (proactively and continuously), and report real and potential threats and opportunities that affect the achievement of the University’s mission and strategic objectives.
The ERM program is directly related to traditional risk management through the use of overarching risk management principles, mitigation strategies used, and staff expertise. The ERM program also serves an important role for enterprise-wide compliance and integrity. Mason’s compliance functions are distributed in nature and are managed by first line of defense risk owners. The ERM Council, administered by the Safety, Emergency, & Enterprise Risk Management department, provides compliance expertise and oversight from an enterprise perspective.