Risk Treatment Framework and Questionnaire
Why Read This
Building a risk treatment plan can feel overwhelming because there are so many ways to manage a risk — through policies, procedures, processes, practices, equipment, training, and more. This Risk Treatment Framework and Questionnaire breaks risk treatment planning into a series of questions in four parts.
Risk owners, or the people in charge of managing a chosen risk, can use this tool to understand the current state of treatment for their risk and identify elements of a cohesive risk treatment plan. Risk treatment plans can improve accountability for managing risk and reduce risk to your students, employees, and institution better than scattershot initiatives.
This tool complements the Treat Risks step of an enterprise risk management (ERM) program. It can also help institutions without an ERM program create a strategy to treat a risk.