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GAO Issues Newest Risk Management Framework in Ten Years- What will it mean for agencies?


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


Responses to COSO's ERM Exposure Draft 1 Reply

You can find the feedback on COSO's updated ERM Framework, including the response from my organization IFAC, via this link: http://erm.coso.org/Pages/viewcomments.aspx Continue

Started by vincent tophoff in Sample Title. Last reply by Chief Learning Officer Nov 7, 2016.

4 Ways Learning Predicts, Protects Culture

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

Tags: culture, management, risk, hardy, karen

Started by Chief Learning Officer in Uncategorized Sep 25, 2015.

George Washington University ERM certificate

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.

Free webinar featuring GAO, Commerce, NASA & George Washington University

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

Tags: webinar

Started by Peg Hosky in Sample Title Jun 8, 2015.



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