This session will focus on how analytics, robotics, and cloud technology are being used in Enterprise Risk Management. Panelists will share CXO perspectives on the benefits and potential utility of emerging technology.
Speakers: Alyssa Smiley, Department of Homeland Security (DHS); Michael Howe, National Science Foundation (NSF)
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There is a distinct difference between simply meeting a requirement and creating something that adds value. Understanding this difference has been key to the growth of some of the most successful global companies but is often forgotten or ignored in the Federal world where innovation and effort are not driven by revenue motivation. With few resources, a complex organizational structure, and significant competing demands, developing and implementing an effective ERM program in the US Coast Guard is challenging. In this session, we will show how some of the same tools and approaches successful start-up companies and Venture Capitalists use to evaluate opportunity and create value are being used to build and transform the ERM program at the US Coast Guard.
Speakers: LCDR Lewis Motion, U.S. Coast Guard
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As successful ERM programs mature, the need to account for a broad range of stakeholder perspectives in the areas of program development, C-suite support functions, program assurance, internal and external oversight, and audit transparency grow. At HUD, aligning these different needs to help support honest lines of communication for ERM and actionable reporting has been an undertaking since day 1 of HUD’s ERM program. This panel will explore how risk-based assurance, continuous monitoring, and data analytics provide opportunities for agencies to improve performance and work more constructively with the OIG and other oversight bodies.
Speakers: Larry Koskinen, Department of Housing & Urban Development (HUD); Jonelle Pianta, HUD, Office of Inspector General (OIG)
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This session explored how risk management contributes to the ultimate goal of any organization: the delivery of maximum stakeholder value. Capturing the true value of ERM requires integration of results sought, resources allocated, and risks accepted and managed through a portfolio management process across the entire organization. Panelists shared their experiences, including challenges and end results.
Speakers: Tom Brandt, Chief Risk Officer, IRS; Ken Fletcher, President, AFERM
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As agencies mature their ERM programs, greater value can be driven by leveraging ERM to support and strengthen other agency-wide management activities. These management activities (“petals”) are critical to mission success, and include Strategy, Budget, Performance, Cyber, Fraud, and Internal Control. This session will explore the various petals of ERM integration along with emerging “petals” including evidence-based decision making and program/portfolio management, how and when to coordinate your agency’s ERM program with these management activities, and provide tangible examples and lessons learned as takeaways for attendees.
Speakers: Rachel Holloway, Centers for Disease Control and Prevention (CDC); Yashika Rahaman, Food and Drug Administration (FDA); Erica Navarro, Department of Agriculture
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Provided participants with information about best practices that the OIG community is employing to implement ERM activities and to facilitate the adoption of ERM for audit planning purposes. This session 1) shared best practices that the OIG community is employing as it relates to implementing ERM, 2) provide d information on ERM-related touch points between OIG and agencies, and 3) the use of ERM for audit planning.
Speakers: Jessica Southwell, Department of Labor, Office of Inspector General; Jonelle Pianta, HUD OIG; Dr. Temika Edwards, Department of Homeland Security, Office of Inspector General
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Risks come in many forms and flavors, and agencies collect lots of data in various formats, both structured and unstructured. All of this data represents valuable pieces of information or context about risks. The Health Resources and Services Administration has implemented a data-driven approach to make faster and better informed risk-based decisions.
Speakers: Joseph Roach, Health Resources and Services Administration; Rick Amrhein, Health Resources and Services Administration
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For many years, organizations have recognized that diversity and inclusion leads to better decision-making, increased productivity, and greater effectiveness. This session will explore how diversity in demographics, perspectives, and experiences and a culture of inclusion (employees feel valued, respected, and treated equitably) can enhance an organization’s ERM capabilities, resulting in better risk identification and decision-making, increased accountability, and agency-wide risk awareness.
Speakers: Marianne Roth, Consumer Financial Protection Bureau (CFPB); Lori Giblin, U.S. Corporation for National and Community Service (CNCS); Montrice Yakimov, Federal Deposit Insurance Corporation (FDIC)
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What are benefits of pursuing enterprise risk management? How can risk management enhance agency decision-making? What is the mission of the Association for Federal Enterprise Risk Management (AFERM)? Join host Michael Keegan as he explores these questions and more with our very special guest, Tom Brandt, Chief Risk Officer, at the US Internal Revenue Service (IRS).
Risk is everywhere.
It is a condition of existence and government agencies aren’t immune from the slings and arrows of uncertainty. Risk takes many forms and continue to morph and transform with the pace of technology and the reality interconnectedness. It is a leadership imperative for government executives to mitigate the potency of uncertainty by managing the realities of risk and the IBM Center can help them…mitigate risk and make better decisions. Tackling risks requires the right tools and recognized best practices. Dr. Karen Hardy’s report outlines the fundamentals of enterprise risk management ERM in government…answering the how to and the why not? The first step in tackling risk is defining it and it isn’t always negative. Risk can present opportunities. Government Leaders can redefine risk as “uncertainty that matters” and Dr. Doug Webster and Tom Stanton can show you how… outlining practical steps to improving decision making using ERM. Many federal programs are at risk unable or incapable to achieving missions mitigating program risk is key to making government work better. Prof Donald Kettl report, provides a guide of steps risky federal programs can take to manage risk, improve results. Whether you face …. Integrity Risk Financial Risk Cyber Risks Or, risks associated with technological breakthroughs and disruptions…
This video provides an overview of many IBM Center for The Business of Government resources on risk.