Enterprise Risk Management

Embedded in a cross-functional collaborative approach, the Enterprise Risk Management Program supports WSSC Water’s Risk Culture and Maturity. The Program spearheads the process of identifying, assessing, mitigating, monitoring and reporting WSSC Water’s enterprise-wide risks and opportunities through training and workshops. 

The Enterprise Risk Management Program’s objectives are: 

1. To inform the Strategic Plan 
2. To provide risks and opportunities perspectives to the strategic decision-making process 
3. Through S.M.A.R.T (Simple, Measurable, Actionable, Realistic, Time bound) mitigation strategies, to proactively address risks before they materialize 
4. To promote an enterprise risk culture  

The WSSC Water Enterprise Risk Management Program follows the ISO 31000 standard and the COSO Controls framework.