It’s been more than five years since the Office of Management and Budget added enterprise risk management to Circular A-123 as a way to standardize the management and mitigation of risk.
While agencies have realized that there is no one approach to managing the ever-growing set of risks, they have found there are some common themes and factors that make up a valuable program.
Data, for example, underlies almost every part of enterprise risk management.
Federal News Network surveyed six agencies about their approach to risk management, including the use of cloud services, artificial intelligence, advanced analytics and other technologies.
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