Through a series of case studies and selected special topics, Public Sector Enterprise Risk Management presents examples from leading Enterprise Risk Management (ERM) programs on overcoming bureaucratic obstacles, developing a positive risk culture, and making ERM a valuable part of day-to-day management. Specifically designed to help government risk managers, with concepts and approaches to help them advance risk management beyond the basics, the book:
Provides a balanced mix of concepts, instruction and examples;
Addresses topics that go beyond the basics of Enterprise Risk Management (ERM) program design and implementation;
Includes insights from leading practitioners and other senior officials.
Many government organizations can refer to the growing body of materials that provide examples of ERM processes and procedures. Far fewer reference materials and examples exist to help organizations develop a risk-mature organizational culture that is critical to the long-term success and strategic value that ERM represents to government organizations.
Public Sector Enterprise Risk Management begins to fill that void and is intended to help public sector risk managers overcome barriers that inhibit ERM from becoming an active contributor to major decisions that top officials must make.
Part 1: Introduction
1. Introduction: Challenges in Implementing ERM in the Public Sector
Kenneth C. Fletcher and Thomas H. Stanton
Part 2: Overcoming ERM Implementation Challenges - Selected Case Studies
2. Change Management and Developing Organization Risk Culture: Transportation Security Administration (TSA) Case Study
Kenneth C. Fletcher
3. Using Data and Analysis to Add Value from ERM
Frank Vetrano and Jason Stayanovich
4. Laying the Groundwork for ERM: The Evolution of ERM at the U.S. Department of the Treasury
Ken Phalen and Karen Weber
5. ERM and Local Government: King County Washington
Jennifer Hills and Sean Catanese
Part 3: Selected Special Topics
6. Enhancing Capabilities and Culture Through Effective Coordination of Enterprise Risk Management and Internal Control
Sean M. Vineyard and Quimby Kaizer
7. Working with the IG and GAO: Creating a Win-Win Relationship
Robert A. Westbrooks
8. Cultivating and Measuring Risk Culture to Achieve Forward Momentum on ERM
Cynthia Vitters and Michael Gelles
Part 4: Conclusion
9. Enterprise Risk Management: A Powerful Management Tool
Thomas H. Stanton