1 online resource (iv, 49 pages) : color illustrations
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
Includes bibliographical references.
Online resource; title from PDF cover (GAO, viewed Jan. 17, 2017).
Federal leaders are responsible for managing complex and risky missions. ERM is a way to assist agencies with managing risk across the organization. In July 2016, the Office of Management and Budget (OMB) issued an updated circular requiring federal agencies to implement ERM to ensure federal managers are effectively managing risks that could affect the achievement of agency strategic objectives. GAO's objectives were to (1) update its risk management framework to more fully include evolving requirements and essential elements for federal enterprise risk management, and (2) identify good practices that selected agencies have taken that illustrate those essential elements.