Enterprise Risk Management and Strategic Planning

1. Enterprise Risk Managementand Strategic Planning Strategic Planning Team February 19, 2009

2. Outline • Introduction • ERM at the U of R • Top Strategic Risks • Analysis • Next Steps: – Opportunity Assessment Initiative

3. “Top 10”

4. Top 10 List - 2008 * 2006 top nine • Enrolment/Recruitment – Traditional* • Student Retention • Enrolment/Recruitment – Indigenous • Funding – Government* • Funding – Tuition • Reputation - Academic • Change Management* • Reputation – Research • Labour Relations • Financial Markets

5. Top 9 List - 2006 With 2008 Ranking 1. Enrolment – Traditional 6. Change Management 18. Reputation 7. Funding – Government 17. Faculty Retention 21. Fundraising 24. Student Experience 38. Brand 34. Partnerships - Internal

6. Enrolment source: Actuarial Report of the Canadian Student Loans Program, July 31, 2007

7. Enrolment Source: Statistics Canada

8. Response • Strategic Planning process • Strategic Enrolment Management • Branding Initiative • New program development: • Community Base Education Cluster • Interdisciplinary Graduate Program • Internationalization Initiative – Arts • Social Work – Needs Assessment/Review • Reputation Survey • University Emergency Communications • Information Services – Reviews (6) • Building Dreams and Futures Campaign • Federated College Fee Sharing Agreement

9. Analysis Opportunities: • Slumping economy – inverse relationship • New university – facilities/deferred maintenance • Size – ability to adapt and change • Partnerships – leverage (and challenges) Challenges: • Demographics – Saskatchewan and Canada • Reputation – new university • Increasing competition – size, funding

10. Next Steps • Enterprise Risk Management • Mitigation strategies: • Potential actions • Resource requirements • Risk owners • Timeframe for action • Opportunity Assessment Initiative • Link to Strategic Planning Process • Focus on strategic opportunities