The Cost of Avoiding Risk
Why does the government regularly commit to $200 million programs? The answer is due to risk aversion.
Posts Tagged: risk
Managing Risk as Opportunity
Good risk management is not about fear of failure; it is about removing barriers to success. This is when opportunity management emerges.
NASA: Reframing Risk With Curiosity
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 theRead… Read more »
When Are Managers Willing to Take Risks?
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.
Risk Management: What You Need to Know
What the five principles of risk management mean for you.
The Rewards of Taking More Risks
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.
Implementing Effective Enterprise Risk Management in Federal Government
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.
Secrets to Getting Off the GAO High-Risk List
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?
Are You a Rebel At Work? Here’s How To Tell…
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 ManagementRead… Read more »
“What Could Possibly Go Wrong?”
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, orRead… Read more »