Rice's Enterprise Risk Management (ERM) program strives to proactively identify, assess, and manage risks that could impact the university’s ability to achieve its strategic and operational goals.

The university recognizes that risk is inherent in all activities and that embracing calculated risks is essential to teaching, learning, innovation, and institutional progress.

While not all risks can be eliminated, they can be identified, assessed, and managed effectively. By balancing risk with opportunity, the ERM program supports advancing the university’s mission while safeguarding its people, assets, and reputation.

Key objectives of the ERM program include:

• Aligning ERM with the university’s strategic plan, Momentous
• Facilitating cross-functional collaboration in identifying and managing risks
• Enhancing risk awareness and ownership at all levels of the university
• Supporting academic, research, and operational excellence by facilitating well-informed risk-based decisions