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After more than 10 years, the GAO issued a new ERM framework as part of a recent report on "Good ERM Practices in Government Agencies."
GAO reports that "Federal managers often handle complex and risky missions, such as preparing for and responding to natural disasters, and building and managing safe transportation systems. While it is not possible to eliminate all uncertainties in these types of projects, there are strategies that can help plan and manage them." GAO further wrote that "One such strategy is Enterprise Risk Management. It provides ways to better anticipate and manage risk across an agency. Our enterprise risk management framework has 6 essential elements to consider when implementing ERM, as shown below. We also identified good practices, as well as examples from federal agencies that are using ERM."
So what does this mean for agencies? Your comments are welcomed below.
Posted by Chief Learning Officer on December 30, 2016 at 5:05pm
Source: CLOmediaIt doesn’t take long to know whether an organization has a positive or negative corporate culture. Employees feel it in their guts, and they know instinctively if they want to be a part of it.While there may be a written set of…Continue
Started by Chief Learning Officer in Uncategorized Sep 25, 2015.
The George Washington University Enterprise Risk Management Certificate will provide individuals or teams within agencies with the knowledge of the public sector-focused principles that are necessary to improve performance, quality and trust in the…Continue
Started by Peg Hosky in Sample Title Jul 8, 2015.
Date: Tue, Jun 30, 2015 2:00 PM EDTDuration: 1 hourAccreditation: 1 CPE Cost: ComplimentaryRegistration: https://goto.webcasts.com/starthere.jsp?ei=1067311&sti=my The…Continue
Started by Peg Hosky in Sample Title Jun 8, 2015.