The Harvard Risk Management Committee (RMC) provides a forum for identification, discussion and resolution of major risks facing the University. The RMC is charged by the President and Provost to provide advice on:
You have two roles in managing risk. The first role is to be aware of and understand what areas of risk are present in your current position. For example, if you manage people you need to consider employment laws, discrimination laws and union contracts. You also need to consider the University's policies and practices around hiring, firing and creating a safe work environment.
Some departments are responsible for managing specific risk areas. For example, the Office of Human Resources manages employment risks. Similarly, Environmental, Health & Safety consults on environmental risks.
Risk management is a process of proactively identifying issues and assessing their potential impact on the University. Taking a proactive approach allows the University to anticipate risk and make informed business decisions. Depending on the circumstances, the University may choose to either avoid risk or assume it.