KENT, OH – The KSU Museum is pleased to announce the opening of a new exhibition, “Knitting Beyond the Body.” When you think about today’s technological advances, knitting may not be the first activity that comes to mind. However, this ancient craft is at the forefront of exciting research and innovation across many industries including automotive, medical, architecture, interior design and, of course, fashion. The KSU Museum and the KSU School of Fashion Design and Merchandising have joined forces to explore how knitting is often at the heart of today’s innovations. “Knitting B...
Objective 5: Risk Management
Objective 5: Adopt an enterprise risk management mindset by assessing emerging risks, measuring risk appetite, and developing mitigation activities.
Sample Metrics
- Number of divisions included in the Enterprise Risk Management process
- Number of prioritized risks identified with developed mitigation plans
- Number of mitigation plans implemented
Strategy 5.3
Promote a culture of continuous process improvement that emphasizes automation, loss prevention, risk reduction, and strengthening of internal controls.
Tactics:
Strategy 5.2
Align the Annual Internal Audit Plan with critical business processes to provide operational assurance and identify opportunities for improvement.
Tactics:
- 5.2a - Develop the Annual Internal Audit Plan using a risk-based approach with a focus value-added recommendation for continuous improvement.
- 5.2b - Incorporate the results of the Enterprise Risk Management process into the planning process.
Strategy 5.1
Sustain and expand the current divisional Enterprise Risk Management process.
Tactics: