Risk management

  • The Office of Management and Budget updated Circular A-130 with the requirement for agencies to focus on risk management when deciding on how to protect networks and systems.

    August 08, 2016
  • Sol Cates, chief security officer for Vormetric, argues that while new policies and regulations are important, the answer to an organization’s cybersecurity problems starts with making a decision to dedicating more resources to solutions and less to filling out forms.

    September 15, 2015
  • Over the next year, GSA will work with other agencies and industry will come up with a set of risk indicators and create access to multiple data sources for contracting officers to better determine and understand the supply chain risk of the technology they are buying.

    June 12, 2015
  • Of the 24 CFO Act agencies — those required to have audited financial statements — about half failed to comply with the law on improper payments, according to a preliminary analysis of the IG reports by the accounting firm Grant Thornton. The low scorers include the agencies that misspent the most money: the departments of Health and Human Services, Treasury, Agriculture and the Social Security Administration.

    June 08, 2015
  • What is risk management? How are federal agencies managing risk? What can federal agencies learn from the U.S. Department of Education's risk management program? Join host Michael Keegan as he explores these questions and more with Young Hoon Kwak and Julia Keleher, authors of the IBM Center report Risk Management for Grants Administration.

    March 30, 2015
  • David Mader, OMB controller, said the administration will target specific agencies with new technology to access more data to combat this long-standing challenge. GAO reported Feb. 26 that the governmentwide improper payment rate was 4.02 percent, meaning agencies misspent almost $125 billion in 2014.

    March 11, 2015
  • The people-counting agency has learned from some big mistakes. Now, Chief Operating Officer Nancy Potok shares some lessons with Federal News Radio.

    March 10, 2015
  • The drone that accidentally crashed on the White House lawn isn't just changing procedure at the Secret Service. It's making agencies across government think bigger about risk management, according to Linda Springer, executive director for government and public sector at Ernst and Young and former Comptroller at the Office of Management and Budget. She tells In Depth with Francis Rose about ways your agency can stay creative when thinking about worst-case scenarios.

    February 02, 2015
  • Retirement plan participants last year paid less than 29 cents in administrative costs for every $1,000 they invested, the Federal Retirement Thrift Investment Board's Kim Weaver told Francis Rose.

    January 28, 2015
  • Mark Orndorff, risk management executive & chief information officer for the Defense Information Systems Agency, joins Federal News Radio for a free online chat to discuss his agency's new risk management organization and DoD's evolving approach to cybersecurity.

    January 27, 2015
  • The Office of Management and Budget recently released an update to Circular A-123, a guide for agencies on managing risk at an enterprise level. A new report from the Association of Government Accountants examined the revision. Federal News Radio Executive Editor Jason Miller spoke with Emily Kopp on the Federal Drive about why A-123 is a big deal in government accounting circles.

    November 03, 2014
  • The Office of Management and Budget to release a memo or guidance in the second quarter of 2015 to set governmentwide expectations for how agencies will manage risk. Controller David Mader said lessons from implementing Circulars A-123 and A-11 could be expanded into agency mission areas.

    October 17, 2014
  • Federal News Radio's annual chief financial officers survey found dealing with budget reductions and workforce challenges continue to be top priorities. At the National Science Foundation, CFO Martha Rubenstein said her office completed what may be the last modernized financial management system done by the private sector.

    October 02, 2014
  • GAO has released the first major revision since 1999 of the book on management controls. The update maintains the five major components of internal control from past editions, but it adds depth in the form of 17 principles. It is meant for both federal managers and auditors.

    September 11, 2014