Summary: Page 1
Name: Enterprise Risk Management Framework
Responsibility: Director, Enterprise Risk Management
Complements: Policy 10.105: Enterprise Risk Management Policy
Date: November 2006
Committed to establishing an organization that ensures risk management is a core capability and
an integral part of all university activities, the University of Regina (the University) has developed
an Enterprise Risk Management (ERM) Framework to manage change and uncertainty. The
ERM Framework is a universally applied process that allows for a common risk language, risk
identification and risk response methodology to be used across the University. This framework
supports the University's ERM Policy (10.105: Enterprise Risk Management Policy) offering the
process, tools and methods for full implementation of ERM throughout the University community.
The ERM framework assists all academic and administrative levels in achieving the University's
strategic objectives by bringing a systematic approach to evaluating and improving the
effectiveness of risk management and control.
Adapted from COSO's ERM Conceptual Framework