Low Cost Risks, mapped to Thematic Teams, as prioritized by the steering group, for risks perceived by more than 50% of workshop participants to require funding in excess of $25,000 by either the University or UW System to mitigate - in prioritized order. Milwaukee 1 - 2012 Vote Milwaukee 2 - 2012 Vote SG Low Low Risk Risk Risk ID Risk Driver Short Name cost cost (1-5) (1-5) % % % Priority Priority Risk (1-4) (1-4) (1-4) (1-4) (1-4) (1-5) (1-4) Control Control Control Impact Mitigation Mitigation Mitigation Inherent Likelihood Likelihood Likelihood Inherent Inherent Impact Impact Prioritization of resources/project 1 1.43 3.38 3.35 VH 88% 1 of 11 2 3.54 3.09 VH 100% management: Financial Planning and Controls 2 2.15 2.63 2.63 VH 95% 2 of 11 12-5 Proper documentation for international students and tracking 3 2.42 2.23 2.58 H 76% 6 of 6 of all admitted students Multiple initiatives may result in burn-out, conflicting requirements, 4 1.72 3.22 3.22 VH 91% 4 of 11 1.47 3.70 3.88 VH 100% 2 of 6 2.9 2.81 2.72 VH 100% or inability to complete specific projects or to meet multiple demand Crisis/Complaint/Concern/Incident 5 2.85 2.70 2.57 VH 81% 5 of 6 Management Opportunity Town-Gown Relationship, Threat or tied 6 of 6 2.23 3.09 3.30 VH Missed Opportunity 11 HR System: Staff/Faculty management: Performance 7 1.66 3.30 3.20 VH 95% 5 of 11 management Lack of process for expedited 8 1.71 3.23 3.30 VH 86% 3 of 11 decision making Limited collaboration across 9 1.50 3.12 3.75 VH 8 of 11 Colleges/schools
12-5 Low Cost Risks, mapped to Thematic Teams, as prioritized by the steering group, for risks perceived by more than 50% of workshop participants to require funding in excess of $25,000 by either the University or UW System to mitigate - in prioritized order. Milwaukee 1 - 2012 Vote Milwaukee 2 - 2012 Vote SG Risk ID Risk Driver Short Name Control (1-4) Impact (1-5) Likelihood (1-4) Inherent Risk % Mitigation Low cost Priority Control (1-4) Impact (1-5) Likelihood (1-4) Inherent Risk % Mitigation Low cost Priority Control (1-4) Impact (1-5) Likelihood (1-4) Inherent Risk % Mitigation Prioritization of resources/project management: 1.43 3.38 3.35 VH 88% 1 of 11 2 3.54 3.09 VH 100% 1 Financial Planning and Controls 2.15 2.63 2.63 VH 95% 2 of 11 2 Proper documentation for international students and tracking of all admitted students 2.42 2.23 2.58 H 76% 6 of 6 3 Multiple initiatives may result in burn-out, conflicting requirements, or inability to complete specific projects or to meet multiple demand 1.72 3.22 3.22 VH 91% 4 of 11 1.47 3.70 3.88 VH 100% 2 of 6 2.9 2.81 2.72 VH 100% 4 Crisis/Complaint/Concern/Incident Management Opportunity 2.85 2.70 2.57 VH 81% 5 of 6 5 Town-Gown Relationship, Threat or Missed Opportunity 2.23 3.09 3.30 VH tied 6 of 11 6 HR System: Staff/Faculty management: Performance management 1.66 3.30 3.20 VH 95% 5 of 11 7 Lack of process for expedited decision making 1.71 3.23 3.30 VH 86% 3 of 11 8 Limited collaboration across Colleges/schools 1.50 3.12 3.75 VH 8 of 11 9
UWM_Strategic_Planning.docx