Ask the Experts

ERM in Government Textbook: “Enterprise Risk Management: A Guide for Government Professionals”

Enterprise Risk Management: A Guide for Government Professionals is a practical guide to all aspects of risk management in government organizations at the federal, state, and local levels. Written by Dr. Karen Hardy, one of the leading ERM practitioners in the federal government, the book features a no-nonsense approach to establishing and sustaining a formalized risk management approach, aligned with the ISO 31000 risk management framework. International Organization for Standardization guidelines are explored and clarified, and case studies illustrate their real-world application and implementation in US government agencies. Tools, including a sample 90-day action plan, sample risk management policy, and a comprehensive implementation checklist allow readers to immediately begin applying the information presented.

The book also includes results of Hardy’s ERM Core Competency Survey for the Public Sector; which offers an original in-depth analysis of the Core Competency Skills recommended by federal, state and local government risk professionals. It also provides a side-by-side comparison of how federal government risk professionals view ERM versus their state and local government counterparts.

Enterprise Risk Management provides actionable guidance toward creating a solid risk management plan for agencies at any risk level. The book begins with a basic overview of risk management, and then delves into government-specific topics including:

  • U.S. Federal Government Policy on Risk Management
  • Federal Manager’s Financial Integrity Act
  • GAO Standards for internal control
  • Government Performance Results Modernization Act

The book also provides a comparative analysis of ERM frameworks and standards, and applies rank-specific advice to employees including Budget Analysts, Program Analysts, Management Analysts, and more. The demand for effective risk management specialists is growing as quickly as the risk potential. Government employees looking to implement a formalized risk management approach or in need of increasing their general understanding of this subject matter will find Enterprise Risk Management a strategically advantageous starting point.

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The Business of Government Hour: Conversation with Authors with Tom Stanton and Doug Webster

An audio conversation with AFERM members Tom Stanton and Doug Webster discussing: What is Enterprise Risk Management? How can federal agencies successfully implement ERM? What are some of the key challenges implementing ERM? Join host Michael Keegan as he explores these questions and more with Doug Webster and Tom Stanton, authors of Improving Government Decision Making through Enterprise Risk Management.

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Tom Stanton’s Interview of Nancy Potok, COO at the Census Bureau

Nancy Potok, PhD has been Deputy Director and Chief Operating Officer of the Census Bureau since August 2012. Before that she served as Deputy Undersecretary for Economic Affairs at the Department of Commerce where she was part of a small group that decided to implement risk management at the department and at Census in particular.