Government faces increasing uncertainties as agencies pursue diverse and complex missions. A combination of budget cuts, an aging workforce, difficulties with hiring and retaining talent and the growing complexity of information security challenges are just a few of the factors to consider in an atmosphere where a relatively minor risk can quickly escalate into a serious issue.
That’s why more federal agencies are investing in Enterprise Risk Management (ERM), a discipline that addresses the full spectrum of an organization’s risks, and integrates them into an enterprisewide, strategically aligned portfolio view. ERM contributes to improved decision-making and supports the achievement of an organization’s mission, goals and objectives.
That’s why GovLoop sat down with experts David Fisher, Managing Director and Public Sector Risk Leader, and Bill Hughes, Partner within the National Security Practice, in the U.S. Public Sector Practice from PwC, to discuss how government agencies can derive real value from an ERM program and what they need to do to get there.
By reading this industry perspective, you’ll learn more about what ERM is, the value of an ERM program, and how your agency can make the most of ERM.