Enterprise Risk Management

All organizations face uncertainty; the challenge for management is to determine how much uncertainty to accept. Uncertainty presents both risk and opportunity, with the potential to erode or enhance the organization's value. Enterprise Risk Management helps an organization get to where it wants to go and avoid pitfalls and surprises along the way.

Enterprise Risk Management Process
at the University of California
(based on COSO*) Diagram of the enterprise risk management process

*Committee of Sponsoring Organizations of the Treadway Commission

Contact Information

Barbara VanCleave Smith, Ph.D, CPA

Director of Controls, Accountability and Risk Management

Controller's Office

131 University Hall

Berkeley, CA 94720-1100

Phone: 510-643-4171

Fax: 510-643-5050

E-mail: bvsmith@berkeley.edu