Good risk management is not about fear of failure; it is about removing barriers to success. This is when opportunity management emerges.
Posts Tagged: risk
Risk is more than a four-letter word in government. There’s often wariness about taking on too much risk, which is understandable, because agencies are playing with hard-earned taxpayer dollars. And it’s not like IT leaders can just ask for a few more millions because of an errant project. Asking for more money means raising the... Read more »
The common perception is that, as a group, federal managers tend to be risk-averse. However, new research based on data from the annual federal employee viewpoint survey concludes that the answer is: it depends.
What the five principles of risk management mean for you.
Is there a way to cultivate being more of a risk taker if you don’t have a personality that trends that way? Let’s assume for a moment we’re not talking about reckless risk taking, but rather simply getting out of your comfort zone. Here are a few benefits to think about.
Government faces increasing uncertainties as agencies pursue diverse and complex missions. 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, including challenges and opportunities, and integrates them into an enterprisewide, strategically aligned portfolio view.
There are jokes that getting put on GAO’s high risk list is like the 1977 Eagles’ hit, “Hotel California,” where “you can check out any time you like, but you can never leave.” But in fact, over one-third of agency programs on the list have gotten off. What’s the secret?
Government rebels from all walks of life spanning a range of government agencies united in full force at this year’s NextGenGov’s summit, and it was inspiring. Now, these rebels were not your stereotypical outliers or black sheep; the packed room included a Fellow from the State Department, a Medicaid expert from Wyoming, and a Management... Read more »
Do self confident, optimistic leaders ask this question often enough, at the right time? Risk experts Doug Webster and Tom Stanton think not. Writing in a new report for the IBM Center for The Business of Government, they observe: “The front pages of national newspapers constantly report on actions by private companies, federal leaders, or... Read more »
Cybersecurity should not about just building better castles, but looking ahead to the emerging threats. Castles were undone by introduction of cannons and mobile warfare. This will likely be true of Cybersecurity because the “cyber barbarians,” whether state or non-state actors, criminals or hacktivists, are constantly looking for new technologies, human weakness, back doors and... Read more »