C10 - Managing Your Research Program's Risk Tolerance

Advancing research while balancing the need for ethical oversight of research includes identifying and understanding risk. Once risks are understood, then it must be determined if they are acceptable or not within the research enterprise based on an institution’s risk appetite. In this session, experienced research leaders will provide a framework for how they determine the risk environment for their institution, establish tolerance levels for specific research projects, and implement risk mitigation strategies through policies, processes, and communication. Common risk management strategies, such as risk aversion, risk acceptance, and risk transfer, will be addressed along with the need for environmental scanning to identify new and emerging risks to the research enterprise.