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Texas Enterprise Risk Management Guidelines

Texas Labor Code, Section 412.011(b)(3) provides that the State Office of Risk Management shall develop, update, and maintain risk management statewide program guidelines and assist state entities in their implementation. The following Texas Enterprise Risk Management (TERM) Guidelines replace and simplify the previous Risk Management for Texas State Agencies (RMTSA) guidelines. These new guidelines implement and adhere to the global risk management standards adopted by the International Organization for Standardization (ISO 31000).

Each section is designed to provide the basis and general guidance that will assist state entities in the development of a focused and comprehensive enterprise risk management program. The guidelines generally outline the programs, policies, and procedures that collectively may comprise an appropriate standard enterprise risk management program for any state entity. These guidelines are specifically designed to encourage the development of more detailed and individualized programs, policies, and procedures that accurately address a specific entity’s structure and requirements.

These guidelines are designed to be straightforward, practical, and adaptable, and will be regularly revised. All entities are strongly encouraged to share feedback and suggestions on the use and modification of the guidelines for the benefit of other entities, the state, and the general public.

The State Office of Risk Management is ready to serve state entities as a resource for any information and technical assistance. For more information or assistance, please contact:

State Office of Risk Management
P.O. Box 13777
Austin, TX 78711-3777
512-475-1440

Texas Enterprise Risk Management Guidelines

FOREWORD

ACKNOWLEDGEMENTS

Thank you to the participants of the Advisory Council for their valuable input regarding content, language, and formatting. We appreciate the leadership of our participating agencies for prioritizing this project and supporting staff participation, and are grateful to the Board of Directors of the State Office of Risk Management for their continued support, direction, and input to these guidelines.

SECTION A - Enterprise Risk

SECTION B – Risk Transfer

Section C - Risk Retention

Section D - Continuity of Operations

SECTION E – Employee Safety & Health

SECTION F – Hazards

SECTION G – Entity Operations

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