1. There are lots of similarity between the forprofit organizations and higher education environment. Both are normally for profit when we look at the major universities and education institutions. How they use enterprise risk management is a little different as higher education is buying other companies or trying to sell anything beside a education. If you use the ERM for strategic planning in higher education that is where I think it makes sense as you are trying to grow the college and add new programs and continue to attract the greatest educator and you need to plan for the future in order to keep competitive. The ERM is higher education is able to risk of opening new sports facilities and lab and how much a university should offer id educations grants. They are able to help colleges figure out how to use the alumni and which ones should they stay away from. 2. You need the university and team to be on board with lowering risk in order for a ERM to work. The University of Washington had the same issues as other when is comes to faculty not seeing the value in ERM. When working with a huge, decentralized research university paying attention to compliance takes a back burner as they need to grow new knowledge. 3. The committee structure is really excited as it allows everyone to have a equal voice on what the risk should be addressed rst. It also allows you to have subject matter people om other departments have a helping hand in creating a risk plan for the university. A committee allows you to spread out the work as well. The only issue I see with a committee is there will still have to be some person in charge to keep everything moving in the right direction and who decided the members of the committee. 4. The University of Florida has a integrated risk management office where they look at more financial and technology risk. The website does have links for more information about the programs they offer, but most are locked for students {University of Florida). I was able to look into the some of the links and they have a ways to also even help with personal risk management is sues while on campus. Works Cited: University ofFiortdo. ENE. {n.d.]. Retrieved September 2, 202.1, from https:.-'.-'irm.u.edu.-"