A 2012 Summit Presentation by Edgar Calderón, Manager, Risk Management, Security & Safety, FAA; David Emanuel, Director, US Government , Active Risk, Inc.; and Paul Ellia, SAIC, Risk Management, Security & Safety, FAA. Discusses Enterprise Risk Management at the Federal Aviation Administration.
DownloadAT&L/PARCA’s Root Cause Findings Related Risk in Cost Est. – 2012
A 2012 Summit Presentation by Gary R. Bliss, Director, PARCA, Department of Defense. Discusses PARCA’s role and steps to improve baseline estimates.
DownloadAFERM Annual Meeting – 2012
The AFERM Annual Meeting Presentation at the 2012 Summit. A discussion on the “State of the Association,” including its mission, organization, finances, programs, activities and volunteers.
DownloadOCC Appetite Risk Assessment
The Office of the Comptroller of the Currency (OCC) is an independent agency entrusted with unique powers and authorities to administer the federal banking system. The OCC established its Enterprise Risk Management (ERM) function in 2015 to identify and assess OCC’s mission-critical risks and support the agency in managing those risks. By establishing a systematic approach to identifying, assessing, and managing risk, the OCC intends to continually improve the agency’s governance, increase accountability, and enhance overall performance.
The Office of Enterprise Risk Management, led by the Chief Risk Officer, reports directly to the Comptroller of the Currency and administers the agency’s ERM framework. As part of the framework, the Risk Appetite Statement articulates the level and type of risk the agency will accept while conducting its mission. This statement is the result of a careful evaluation of how risks affect the agency’s ability to achieve its strategic goals.
The Risk Appetite Statement establishes risk tolerance in nine categories
DownloadCOSO Enterprise Risk Management-Integrated Framework Update
The Committee of Sponsoring Organizations of the Treadway Commission (COSO) has unveiled an update to its Enterprise Risk Management – Integrated Framework and is seeking public comment of the proposal, from June 15 through Sept. 30. The update, Enterprise Risk Management — Aligning Risk with Strategy and Performance, is designed to address the needs of all organizations to improve their approach to managing new and existing risks as a way to help create, preserve, sustain, and realize value.
Link to COSO site: http://www.coso.org/ermupdate.html.
OMB Circular A-123, Management’s Responsibility for Enterprise Risk Management and Internal Control
Memorandum to the Heads of Executive Departments and Agencies
OMB A-123 Playbook: Enterprise Risk Management for the U.S. Federal Government
Memorandum from Chief Financial Officers Council (CFOC) & Performance Improvement Council (PIC)
AFERM 2016 ERM Public Sector Survey
Federal ERM Practitioners,
We are pleased to announce the launch of the 2016 AFERM ERM Public Sector Survey. This year, we hope to obtain feedback from 75+ practitioners from across the Federal government. Co-sponsored with PwC, the survey will capture feedback from Federal risk management practitioners through their responses to a web-based questionnaire, followed by a number of in-person interviews.
Thank you for submitting your response and in helping make AFERM grow as a vibrant community of practice for all Federal ERM practitioners!
AFERM Communications Committee
Continue on to the FY16 SurveyOMB Circular A-11, SECTION 270
Performance and Strategic Reviews
2016: PBGC OIG ERM Framework
This memorandum is to document the establishment and implementation of an Enterprise Risk Management program at the PBGC Office of Inspector General. By adopting a portfolio view of risks, ERM will enable the OIG office to:
- lead by example,
- provide for more effective risk management and internal control in accordance with OMB Circular A‐123,
- align management activities with the CIGIE Quality Standards for Federal Offices of Inspector General (also known as the “Silver Book”),
- concentrate efforts towards key points of failure and reduce or eliminate the potential for disruptive events,
- allow for risk‐based planning, and
- protect the PBGC OIG brand (“independent, positive engagement”) and identify opportunities to create value.
The framework for this program is based on (the soon‐to‐be issued) OMB Circular A‐123, The Orange Book, Management of Risk – Principles and Concepts (October 2004, HM Treasury), and the Committee of Sponsoring Organizations of the Treadway Commission’s (COSO) Enterprise Risk Management Framework. This memorandum describes responsibilities and governance structure, the foundation of this program, the components of this program, the external and internal environment to provide necessary context for assessment of OIG risks, the methodology for developing our risk appetite, and the methodology for developing our risk profile.
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