Advanced ERM Professionals

Artificial Intelligence (AI) has moved into the mainstream of businesses and government. Business leaders are rushing to take advantages of the benefits that can be brought to a wide array of industries to help increase productivity. Government leaders are also moving forward, but with appropriate caution. When considering the use and application of AI related (more…)

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Management of Risks – Principles and Concepts

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This document is intended to assist agencies with successfully implementing the Digital Accountability and Transparency Act of 2014 (DATA Act), and complying with OMB Memorandum M-18-16, which calls for agencies to establish data quality plans (DQP) effective in FY 2019. This Playbook was developed by an inter-agency, inter-disciplinary working group (initially launched by the CFOC in 2017) to improve DATA Act implementation and support the President’s Management Agenda (PMA) Cross-Agency Priority (CAP) Goal Leveraging Data as a Strategic Asset. The Playbook reflects the collective contributions of the Federal financial assistance, acquisitions and financial management communities. The working group collaborated with key representatives of OMB, Treasury, and the Inspectors General community throughout the development of this Playbook.

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This article, reproduced with the permission of the Association of Government Accountants, discusses how Enterprise Risk Management has helped one federal agency recover from crisis and rebuild public trust.

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Example ERM Capability Model

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Example Self-Assessment for the Operationalization of Risk Management

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Example ERM Risk Management Standards

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This presentation developed by executives with the National Science Foundation (NSF) was presented at AFERM’s March 2018 Small Agency Community of Practice (SACoP) meeting.

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April 6, 2017: The model provides a guideline for risk management professionals – and the organizations that employ them – about the professional knowledge, skills and abilities that support risk management career development and growth.

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