Risks arising from adverse events, including ethical violations, a lack of sustainability, systemic or repeated failures and/or poor quality or perceived negative social sentiment. 

Risks related to violations of federal laws and regulations, state laws, and regulations, local municipal laws, case law, accreditation standards, University policies and procedures, and contractual obligations, including contractual agreements, employment contracts, and collective bargaining agreements. 

Risks related to injury, damage, or health and safety of the faculty, staff or students of UNT Enterprise, including impacts caused by accidental or unintentional acts and external events such as natural disasters and social sentiment. 

Risks related to physical assets or financial resources, such as: tuition, government support, gifts, research funding, endowment, budget, accounting and reporting, investments, credit rating, fraud, cash management, insurance, audit, financial exigency plan, overall debt, etc. 

Risks arising from misaligned priorities, policies, authority, responsibilities, and/or ineffective or disproportionate oversight of decision-making, strategy, or performance. 

Risks arising from inadequate, poorly designed or ineffective/inefficient internal processes. This includes any internal and external event that disrupts normal business operations relates to delivering academic programs, conduct research, manage vendor relations and manage facilities.  

Risks encompassing the vulnerability an organization faces to inadequate workforce planning; ineffective talent acquisition and management; negative impact on employee well-being; insufficient adherence to institutional culture, environmental and social standards; and increasing economic risk due to increasing labor costs.  

Risks or opportunities related to achieving the UNT Enterprise’s mission. 

These risks can arise from identifying and pursuing a strategy that is poorly defined, based on flawed or inaccurate data, fails to support the delivery of commitments, plans, and objectives to our customers, due to a changing micro and macro environment.  

Opportunities may arise from pursuing an innovative, creative strategy or addressing a need.  

Risks arising from technology insufficiently meeting business needs, services delivery failures, deficient developmental processes, lack of resilience, or security threats that may disrupt or negatively impact business operations.  

Likelihood is the probability with which a risk event or threat is estimated to occur within a specified timeframe.

Take into account:

• Volume -- The higher the volume of transactions, the more likely a risk event or threat can occur.
• Complexity -- The more complex a transaction, process, or strategy, the more likely a risk event or threat can occur.
• Issues -- If issues have occurred in the past, the more likely a risk event or threat can occur in the future.
• Changes -- If an area is going through changes, the more likely a risk event or threat can occur.

Impact is the measurement of the effect or consequence of the event or threat has on UNT System and its component institutions. Please note that the dollar impact is a rough guide and not an absolute. In some cases, an attribute (e.g. Reputation) may have a devastating impact, even though the dollar amount might be low.

Velocity is the estimation of how quickly the risk event or threat may occur, representing the amount of time UNT System and its component institutions would have before experiencing the event. This can also be defined as speed of onset.

Resourcing is the measurement of sufficient resource allocation to manage and mitigate the risk event or threat.

Control Effectiveness is the measurement of how effective your controls or perform risk management activities reduce the risk event or threat to an overall acceptable level.