Public Sector Enterprise Risk Management Advancing Beyond the Basics

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 Part 2: Overcoming ERM Implementation Challenges – Selected Case Studies 2. Change Management and Developing Organization Risk Culture: Transportation Security Administration (TSA) Case Study 3. Using Data and Analysis to Add Value from ERM 4. Laying the Groundwork for ERM: The Evolution of ERM at the U.S. Department of the Treasury 5. ERM and Local Government: King County Washington Part 3: Selected Special Topics 6. Enhancing Capabilities and Culture Through Effective Coordination of Enterprise Risk Management and Internal Control 7. Working with the IG and GAO: Creating a Win-Win Relationship 8. Cultivating and Measuring Risk Culture to Achieve Forward Momentum on ERM Part 4: Conclusion 9. Enterprise Risk Management: A Powerful Management Tool

Kenneth C. Fletcher is President, Kestrel Hawk Consulting, retired federal senior executive,

and former Chief Risk Offi cer, Transportation Security Administration.

Thomas H. Stanton is Adjunct faculty, Johns Hopkins University, former president, Association

for Federal Enterprise Risk Management, and former federal senior executive.