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FederalERM's Blog (67)

I just took the RIMS-CRMP-FED exam...and this is what happened

Written by Karen Hardy, EdD

I have never been a test-taker. 

Not even in school. I was more of an action taker.

I was not fond of tests then and I'm still not fond of them…


Added by FederalERM on February 6, 2021 at 9:30am — No Comments

Tackling the Risk of Poor Communication

I just had the best interview with Michael J. Gelb, public speaking professional and author of the new book Mastering the Art of Public Speaking. 

Did you know that 74% of people suffer from glossophobia...the fear of public speaking?  This is an astronomical number of people!

As a risk professional you can't afford to shy away from public speaking…


Added by FederalERM on November 10, 2020 at 12:43pm — No Comments

Groups Created for Each Maroon Book Chapter

Hi everyone!  I have added Groups for each of the chapters of the Maroon Book!  

Government risk is still evolving. So updating the original text book would not be wise unless there are major industry changes. I feel pretty confident that by adding updates on this site rather than republishing a book every time a new "word" is updated…


Added by FederalERM on July 29, 2019 at 6:30pm — No Comments

Enterprise Risk Management, Long Used by Companies, Takes Hold in Government - Excerpt from the Wall Street Journal

Federal agencies are taking a cue from the corporate world, appointing chief risk officers and putting…


Added by FederalERM on July 29, 2019 at 12:00pm — No Comments

GAO Issues Newest Risk Management Framework in Ten Years


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…


Added by FederalERM on March 11, 2017 at 5:45pm — No Comments

If you Blink, You may miss something: ISO 31000 on the Review Block Again

Reducing, anticipating and managing risk are all part of the daily grind for organizations that have integrated risk management into their business strategy. That’s why they often turn to ISO 31000 on risk management to support themselves in this task.

ISO standards come up for revision every five years, and ISO 31000, and its accompanying…


Added by FederalERM on August 21, 2016 at 7:49pm — No Comments

Risk Management Book Nabs #6 Spot on Amazon's Top 100 Best Sellers List

When Karen Hardy secured a publishing contract with John Wiley & Sons to update a research report into a book, she thought she had reached utopia. But that was before she learned of the news that her book Enterprise Risk Management: A Guide for Government…


Added by FederalERM on May 9, 2016 at 11:23pm — No Comments

Check out the 2015 Global Risk Report

Did you get the chance to see the 2015 Global Risks report?  It may be a good time to check it out before the 2016 report is issued. 
A quick summary: The 2015 edition of the Global Risks …

Added by FederalERM on January 4, 2016 at 10:00pm — No Comments

Seven Words of Wisdom for Establishing Risk Appetite

During a Risk Appetite white board session at the 8th Annual Federal ERM Summit in Virginia, speakers from the credit union and life insurance industries talked about the challenges in establishing an organizational risk appetite. Some of the key take-a-ways included the following tips:

  1. Establishing a…

Added by FederalERM on November 11, 2015 at 7:00pm — No Comments

Survey Reveals Familiarity with ISO 31000

Read More

A survey of 103 Risk Management Practitioners conducted by the FederalERM.org community website revealed what skills and competencies are needed to be a successful risk management professional in the public sector. Read…


Added by FederalERM on December 30, 2014 at 9:30pm — No Comments

Nearly 200 Attendees Take Copious Notes at 2013 Federal ERM Summit!


With nearly 200 participants in attendance at George Mason University's Founders Hall, the 2013 Federal ERM Summit proved to be the most successful to date! If you networked throughout the crowd, you could hear the comments about the excellent line of speakers and quality of the presentations. Despite the numerous cancellation of various conferences this…


Added by FederalERM on September 12, 2013 at 11:00pm — No Comments

ERM Leader's Saving Grace May Be OMB Circular A119

If you are the champion for implementing Enterprise Risk Management at your agency and face the dilemma of choosing between using COSO or ISO 31000, OMB Circular A119 may be your saving grace.

See the discussion post in Federal Advisory Group for ISO31000:


Added by FederalERM on August 29, 2013 at 10:32pm — No Comments

The U.S. Government Accountability Office Attempt at a Risk Management Framework vs. ISO31000

In 2005, the U.S. Government Accountability Office (GAO) came up with a risk management framework used to assess the newly established Department of Homeland Security. Known as the GAO Risk Management framework, the framework was designed with input from experts from various disciplines and industry experts, which included taking into account the well-known COSO…


Added by FederalERM on August 15, 2013 at 11:30pm — No Comments

40 Countries have adopted ISO310000, and counting....

You  may or may not agree, but there is a strong need for Risk Management Standards. It has already matured with the publication of the ISO 31000:2009 Risk Management Standard. The significance of that development alone is enough to signal where the world and organizations are headed when it comes to overall management improvement. It is fundamental that we sustain…


Added by FederalERM on August 10, 2013 at 12:30am — No Comments

IRS Names new Chief Risk Officer: Too Little too late? What do you think?

By Josh Hicks, Published: May 29, 2013…


Added by FederalERM on June 5, 2013 at 9:30am — 1 Comment

Learning it Your Way: FederalERM featured in GovExec Magazine



You could go to a formal training workshop in a classroom that teaches the basics of social networking. Or you could play around with Facebook and Twitter yourself and contact other federal workers who have set up their own pages and accounts and ask them what they learned along the way.

  Many federal agencies have development offices that have…


Added by FederalERM on June 3, 2013 at 8:00am — No Comments

Results of KPMG survey - "Expectations of Risk Management Outpacing Capabilities - It's Time for Action"

 Attention GOVies!!


The principal findings of this KPMG survey, which create the basis of this report, are as follows:

1. Risk management is viewed as making a key contribution to the business; however, organizations need to improve how they measure risk management’s return on investment, and how they communicate its processes, value and effectiveness to key stakeholders

2. Executives continue to struggle with assessing enterprise-wide risk exposures



Added by FederalERM on June 2, 2013 at 10:11am — No Comments

Federal Agencies Explore Enterprise Risk Management


WASHINGTON—A Department of Homeland Security study of risk management practices underscores the federal government's increasing interest in building enterprise risk management programs for its agencies.In fact, DHS intends to “enhance and expand” its partnerships with private- and public-sector risk management practitioners to help bolster its own risk management program, according to a summary of the DHS study. In a document issued late last month, DHS said its Office…

Added by FederalERM on August 14, 2011 at 2:30pm — No Comments

S&P downgrades US credit rating


WASHINGTON (AP) -- After the first-ever down grade of the nation's credit rating, the White House says President Barack Obama thinks it's clear Washington "must do better" in tackling the deficit.

The statement from his spokesman, Jay Carney, didn't directly refer to Friday's move by Standard & Poor's to lower its AAA credit rating for the U.S. government. But it said the talks that led to this week's deal on hiking the borrowing limit "took too long" and were "at times too…


Added by FederalERM on August 6, 2011 at 12:50pm — No Comments

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