This section provides guidelines for defining objectives in preparation for conducting ERM assessments. The relationship of objectives to strategic vision and mission is explained with references to campus/location strategic plans. The Balanced Scorecard is described as a framework for defining objectives, and “next steps” are suggested for leveraging the ERM Program to ensure success.

Defining objectives: Strategic planning

Provides guidelines for defining objectives in preparation for conducting ERM assessments. The relationship of objectives to strategic vision and mission is explained, with references to campus/location strategic plans.

Defining objectives using the Balanced Scorecard

The Balanced Scorecard, developed at Harvard University, provides an excellent framework for defining goals and objectives and translating them into specific measures.

Next steps

Once you know your mission, goals and objectives, you can leverage the ERM Program to increase the chances that you are successful.