ABOUT:
Pratt Institute’s Risk Management Department provides support to the Institute in achieving its Strategic goals by assisting campus stakeholders as well as community partners in the process of managing various risks associated with the Institute’s operations in order to mitigate those potential risks.
Although this objective is accomplished in a number of ways, Risk Management primarily utilizes four main cornerstones as the foundation for achieving this goal. They are Risk Identification, Risk Analysis, Risk Control and Risk Financing. Risk Management staff use these four cornerstones as the basis for evaluating specific risks, making recommendations and providing resources which protect the assets of Pratt Institute.
The Risk Management Office can be contacted via email at risk-management@pratt.edu or by calling 718-687-5544 .
Risk Management Contact:
Rodric Bowman
AVP Campus Safety Preparedness
rbowma66@pratt.edu
718.687.5158
Antoinette Perry
Director of Risk Management
aperry@pratt.edu
718.687.5910
Richard Rose
Director of Environmental Health and Safety
rrose15@pratt.edu
Debra Ruiz
Administrative Aide
druiz@pratt.edu
718.636.3600 x2542
What is Enterprise Risk Management?
Enterprise Risk Management (ERM) is a coordinated approach to identify potential events that may affect the Institute, manage the associated risks and opportunities, and provide reasonable assurance that the Institute’s mission, vision, and strategic objectives will be achieved. ERM helps ensure that the right information gets to the right people at the right time. By offering a strategically-aligned portfolio view of organizational challenges and opportunities, ERM creates a more risk-aware culture and offers insight into how best to prioritize and manage the risks inherent in carrying out the Institute’s mission to educate artist and creative professionals to be responsible contributors to society.
The role of ERM is to provide the governance, framework, and guidance to assist and support campus leadership and stakeholders in identifying events that have the potential to impact the Pratt community both positively and negatively, and to manage risks associated with those events. When applied effectively ERM can:
- Improve the Institute’s capability to sense and respond to emerging risks before they become crises
- Provide key information on strategic planning, performance management and budget decisions
- Improve coordination across functional silos
- Promote reliable reporting and monitoring across business units