A concept and practice known as "enterprise risk management" has existed in the business world for decades, although it really began gaining traction after the corporate scandals in publicly traded companies in the early 2000s that destroyed billions in wealth.
The purpose of an ERM framework is to proactively identify and assess risk, then reduce your exposure to it before it occurs. Several industries even have their own ERM framework, however, until now, there has been no ERM framework designed specifically for charter schools.
Developed by noted charter school author Dr. Brian L. Carpenter, the 6-I Model for Charter School Systematic Risk Management is designed to be just that: an ERM framework to meet the unique needs of charter schools. Drawing on more than thirty years of experience in education and his training as a certified fraud examiner, Dr. Carpenter explains why the charter school sector urgently needs to practice ERM, step-by-step instructions to implement the 6-I Model in your school, as well as technical tools for doing so.