Enterprise Risk Management: A Guide for Government Professionals

INTRODUCTION

Since the first introduction of this material in 2009, the practice of risk management and, more so, that of enterprise risk management (ERM), has expanded in the federal space. For example, the Association for Enterprise Risk Management (AFERM) has been established solely for those who oversee risk management in federal agencies. The AFERM mission is to advance the practice of ERM in the federal government through thought leadership, education, and collaboration.¹ AFERM provides specific programs and opportunities to educate members and stakeholders on the benefits, tools, and leading practices of federal ERM. AFERM also fosters collaboration with organizations and stakeholders to promote laws, regulations, and policies to establish ...