Enterprise Risk Management

Enterprise Risk Management (ERM) is a continuous, proactive, and systematic approach to identifying, assessing, managing, monitoring, and communicating risks that could pose danger, harm, or loss to the SHA. It takes a comprehensive view of risk, considering the organization’s objectives, risk appetite, and tolerance. ERM informs strategic planning and enhances decision-making.

Support

Our ERM Specialist is here to support you with coaching, education, and facilitation in key areas such as risk assessment, risk reviews, and managing SHA's risk register. Additionally, you can visit the ERM SharePoint Site, a centralized platform that offers a wide range of tools, information, and resources tailored specifically to Enterprise Risk Management.

When to contact ERM
  • New Projects or Initiatives: Before launching a new project, product, or initiative, consult ERM to assess potential risks and ensure proper risk mitigation strategies are in place.
  • Strategic Planning: During the strategic planning process, involve ERM to identify potential risks that could affect long-term goals and to create a risk-aware strategy.
  • Risk Assessments: If your department or team is conducting a risk assessment, ERM can provide expertise and tools to ensure a thorough and effective evaluation.
  • Emerging Risks: When you become aware of new or emerging risks, whether internal or external, that could affect your organization, it's important to engage ERM to stay ahead of potential threats.

SharePoint site

Risk Register (restricted access)
The Risk Register serves as a centralized record containing information on all risks identified through the SHA's risk management process.
Risk Matrix
The Risk Matrix is a standardized tool used to evaluate the likelihood (the probability of an adverse event occurring) and the impact (the severity of the consequences) if the risk materializes.
Risk Appetite Statement
The Risk Appetite Statement outlines the level of risk the SHA is prepared to accept overall.
Tools and resources
Work Standards, Checklists, Video tutorials, ERM Framework, ERM Policy, Collaboration space, Healthcare Insurance Reciprocal of Canada (HIROC)