Three years ago, the Office and Management and Budget revised Circular A-123 to include requirements for Enterprise Risk Management (ERM). While some agencies already practiced ERM, the Circular raised awareness of ERM and provided guidance to agencies starting ERM journeys. This session will explore how agencies have benefited from ERM and the challenges that remain.
By the end of the session, participants should understand:
How agencies have overcome challenges to implement effective ERM programs, both from the perspective of ERM leaders and OMB
Where agencies with mature ERM programs still face challenges in maturing their ERM capabilities and supporting leadership to make risk-informed decisions