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…Continue
Added by FederalERM on February 6, 2021 at 9:30am — No Comments
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…Continue
Added by FederalERM on November 10, 2020 at 12:43pm — No Comments
Added by FederalERM on September 4, 2020 at 6:06pm — No Comments
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…Continue
Added by FederalERM on July 29, 2019 at 6:30pm — No Comments
Federal agencies are taking a cue from the corporate world, appointing chief risk officers and putting…Continue
Added by FederalERM on July 29, 2019 at 12:00pm — No Comments
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…Continue
Added by FederalERM on March 11, 2017 at 5:45pm — No Comments
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…Continue
Added by FederalERM on August 21, 2016 at 7:49pm — No Comments
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…Continue
Added by FederalERM on May 9, 2016 at 11:23pm — No Comments
Added by FederalERM on January 4, 2016 at 10:00pm — No Comments
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:
Added by FederalERM on November 11, 2015 at 7:00pm — No Comments
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…Continue
Added by FederalERM on December 30, 2014 at 9:30pm — No Comments
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…Continue
Added by FederalERM on September 12, 2013 at 11:00pm — No Comments
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
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…Continue
Added by FederalERM on August 15, 2013 at 11:30pm — No Comments
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…Continue
Added by FederalERM on August 10, 2013 at 12:30am — No Comments
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
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
Added by FederalERM on August 14, 2011 at 2:30pm — No Comments
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…Continue
Added by FederalERM on August 6, 2011 at 12:50pm — No Comments