Chapter NineERM Best Practices of Federal Agencies
NINETY-DAY ACTION PLAN
If you are new in the position of risk champion, ensure that the key stakeholders whose buy-in you need are clear about your objective. Often the ERM function is perceived as a shadow audit function and compliance exercise, rather than as a strategic management approach for improving organizational performance. The distinction needs to be made up front and socialized continuously.
Identify the statutory authority or other comparable law that supports the need for ERM in your organization. The common authority used in federal government is OMB Circular A-123.
Discover how the organization currently views and defines risk. Work with the highest level of leadership to ...
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