Risk Management
Risk Management is defined as the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of negative incidents. During the normal course of undertaking its mission, the University's resources; including employees and physical/real property; are routinely exposed to various risks that can result in losses.
Goals
The Texas Woman's University Risk Management program strives to provide a comprehensive and consistent assesment of potential risks.
The long-term goal is to minimize risk exposure to the physical, human, fiscal, and environmental resources of the University.
To minimize the impact of losses, the University shall:
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Routinely identify significant risks to which the University may be exposed.
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Avoid unnecessary or unreasonable exposures to the extent practicable.
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Take reasonable and practical proactive steps to anticipate and/or prevent harmful events and losses.
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Initiate reasonable and appropriate loss control techniques to minimize the frequency, impact, and severity of losses that are unavoidable.
Authority and Responsibility
The Associate Vice President for Facilities Management and Construction serves as the University's Risk Manager. The Risk Manager is given the authority over, and the responsibility for, the administration of TWU's Risk Management program. It is the responsibility of the Risk Manager to plan, organize, coordinate, implement, monitor, and control the Risk Management program.
The Director of Environmental, Safety & Health, under the direction of the University Risk Manager, is responsible for TWU's ES&H programs.
By the nature of its impact on all areas of the University; the University community collectively and individually, is obligated to the program parameters.