Enterprise Risk Management: A Guide for Government Professionals

Chapter TenConclusion

Some form of risk management exists in every organization. Government agencies are no exception. Managing risk in government is not a new practice in government; agencies have long implicitly or explicitly managed risks to missions. However, changes in operations and technology have contributed to a more dynamic risk environment. The nature of risk is evolving, and its dynamics originate from a continually changing variety of sources. Given these rapid environmental changes, much progress has been made in the area of risk management in government in a relatively short period. There are pockets within the government where risk is managed quite well, such as in specific functions, programs, and projects. But this approach ...