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 Survey

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.

Download

AFERM ERM Public Sector Survey 2015 Results

We are pleased to provide the attached results of the first annual AFERM ERM Survey.  Nearly 30 practitioners from the Federal Government participated in the Survey.  Co-sponsored with PwC, the survey captures feedback from Federal risk management practitioners through their responses to the questionnaire and a number of in-person interviews.

Some key takeaways from the Survey include the following:

  • Effective risk management is a necessity and ERM is widely recognized as a growing best practice in the Federal Government
  • The amount of resources deployed in support of ERM will increase in both the near-term and the foreseeable future
  • Successful implementation and maturation of an ERM program in the Federal space requires the support and commitment of Agency leadership

Thank you to PwC for helping lead the ERM Survey!

AFERM Communications Committee

Download

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.
Download

Enterprise Risk Management at PBGC – September 10, 2015

Consistent with the Office of Inspector General’s responsibility to provide leadership to promote efficiency and effectiveness, this white paper is intended to provide the Board of Directors and Pension Benefit Guaranty Corporation senior leadership with insight on Enterprise Risk Management as PBGC moves forward with implementation of its statutory and soon to be Office of Management and Budget mandate regarding ERM
Download