Establishing enterprise risk management (ERM) as the heart of Office of Management Budget Circular A-123 represents transformative change to the way federal agencies have historically viewed risk management and internal controls. It will take time for agencies to build mature ERM capabilities that become part of normal day-to-day programs and operations.
A maturity-based approach to ERM adoption continually evaluates how implementation is progressing, while providing accountability and a roadmap for future progress. Agencies can benefit from a multi-dimensional approach to measuring maturity aligned to the expectations and requirements of Circular A-123.
Your risk culture: An ERM enabler or barrier?
This white paper, developed in collaboration with the Association for Federal Enterprise Risk Management (AFERM), explores risk culture as a critically important factor for federal agencies to successfully implement enterprise risk management.
Viewing ERM in the Context of Program Integrity
Navigating uncertainty through ERM: A practical approach to implementing OMB Circular A-123
This white paper discusses the transformative changes to OMB Circular A-123 and provides 10 critical elements for consideration in successfully implementing enterprise risk management programs.