professor giving a lecture in a classroom setting

University of Manitoba Case Study

University of Manitoba Case Study

Synopsis
2 Minute Read

The University of Manitoba engaged MNP to implement a robust and culturally-responsive Enterprise Risk Management program.

Insight
Case Study

CASE STUDY

Institution: University of Manitoba

Project: Develop a robust Enterprise Risk Management program and improve processes and compliance across departments


The University of Manitoba engaged MNP as part of their desire to implement a robust and culturally-responsive Enterprise Risk Management program. In addition to meshing with their Emergency Preparedness Plan, the new ERM program needed to consider the strategic risks of the institution to help increase the value of the organization as a whole. In order to be successful, the scope of the project needed to include a comprehensive assessment of the existing risk management capability and the development of a framework followed by strategic risk identification and assessment workshops that would result in an organization-wide strategic risk profile.

MNP worked closely with several members of the University’s staff, including the President, Executive Team, and the top 100 Directors, Deans and senior managers, who were all involved in the strategic risk identification sessions.

In addition to the project scope outlined, MNP undertook a comprehensive review of the Audit Services Department and was engaged by the University’s Finance Department to review and restructure the research expenditure compliance process.

Results: MNP’s team was able to assist the University in the development and implementation of an ERM framework and process, risk management tools and templates, governance structure and an institution-wide risk profile. The team delivered and executed a three year, risk-based Internal Audit Plan and designed a new process for research expenditure compliance that could be implemented to ensure compliance rates were improving and satisfying Tri-Council’s compliance Objectives.

Insights

  • Performance

    June 19, 2025

    Are you in the market for more equipment? Whether you buy or lease could make a big difference in your farm’s success

    Building an asset purchase plan before buying new equipment can help you make an informed decision to best suit your needs.

  • Progress

    June 18, 2025

    Choosing the right talent: A guide to employee ownership and profit sharing plans

    Boost business growth and employee loyalty with a well-structured ownership or profit-sharing plan that aligns with your goals and rewards top talent.

  • Confidence

    June 18, 2025

    Succession Planning Basics: How to get what you want for your business

    Knowing what you need and what your options are is difficult to do on your own and often the reason business owners fail to plan for their own exit.