{"product_id":"enterprise-risk-management-isbn-9781118911020","title":"Enterprise Risk Management","description":"\u003cb\u003e\u003ci\u003eWinner of the 2017 Most Promising New Textbook Award by Textbook \u0026amp; Academic Authors Association (TAA)!\u003c\/i\u003e\u003cbr\u003e\u003cbr\u003ePractical guide to implementing Enterprise Risk Management processes and procedures in government organizations\u003c\/b\u003e \u003cp\u003e\u003ci\u003eEnterprise Risk Management: A Guide for Government Professionals\u003c\/i\u003e is a practical guide to all aspects of risk management in government organizations at the federal, state, and local levels. Written by Dr. Karen Hardy, one of the leading ERM practitioners in the Federal government, the book features a no-nonsense approach to establishing and sustaining a formalized risk management approach, aligned with the ISO 31000 risk management framework. International Organization for Standardization guidelines are explored and clarified, and case studies illustrate their real-world application and implementation in US government agencies. Tools, including a sample 90-day action plan, sample risk management policy, and a comprehensive implementation checklist allow readers to immediately begin applying the information presented.\u003c\/p\u003e \u003cp\u003eThe book also includes results of Hardy's ERM Core Competency Survey for the Public Sector; which offers an original in-depth analysis of the Core Competency Skills recommended by federal, state and local government risk professionals. It also provides a side-by-side comparison of how federal government risk professionals view ERM versus their state and local government counterparts.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eEnterprise Risk Management\u003c\/i\u003e provides actionable guidance toward creating a solid risk management plan for agencies at any risk level. The book begins with a basic overview of risk management, and then delves into government-specific topics including:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eU.S. Federal Government Policy on Risk Management\u003c\/li\u003e \u003cli\u003eFederal Manager's Financial Integrity Act\u003c\/li\u003e \u003cli\u003eGAO Standards for internal control\u003c\/li\u003e \u003cli\u003eGovernment Performance Results Modernization Act\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThe book also provides a comparative analysis of ERM frameworks and standards, and applies rank-specific advice to employees including Budget Analysts, Program Analysts, Management Analysts, and more. The demand for effective risk management specialists is growing as quickly as the risk potential. Government employees looking to implement a formalized risk management approach or in need of increasing their general understanding of this subject matter will find \u003ci\u003eEnterprise Risk Management\u003c\/i\u003e a strategically advantageous starting point.\u003c\/p\u003e \u003cp\u003eFigures, Tables, and Exhibits ix\u003c\/p\u003e \u003cp\u003eForeword xi\u003c\/p\u003e \u003cp\u003ePreface: Managing Risk in the Current Federal Environment xiii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eIntroduction 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eState of Risk Management in Government 5\u003c\/p\u003e \u003cp\u003eHow This Book Should Be Used 7\u003c\/p\u003e \u003cp\u003eEmerging Risks Today 7\u003c\/p\u003e \u003cp\u003eTop Government Risks 10\u003c\/p\u003e \u003cp\u003eCriteria 11\u003c\/p\u003e \u003cp\u003eProfiles of Select High-Risk Areas in Government 13\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter One Why Enterprise Risk Management? 27\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eStatus of ERM in the Government 29\u003c\/p\u003e \u003cp\u003eLimitations to ERM 30\u003c\/p\u003e \u003cp\u003eRisk Management: What It is and Why It Matters 32\u003c\/p\u003e \u003cp\u003eWhat is Risk? 33\u003c\/p\u003e \u003cp\u003eEvolution of Risk Management 36\u003c\/p\u003e \u003cp\u003eTraditional Risk Management versus Enterprise Risk Management 38\u003c\/p\u003e \u003cp\u003eU.S. Federal Government Policy on Risk Management 41\u003c\/p\u003e \u003cp\u003eEstablishing an Agency Risk Management Policy 46\u003c\/p\u003e \u003cp\u003eERM Policy and Practice in Canada 48\u003c\/p\u003e \u003cp\u003eLinking ERM and Internal Control 54\u003c\/p\u003e \u003cp\u003eWhat Are the Standards for Internal Control? 55\u003c\/p\u003e \u003cp\u003eAssessing Internal Control Structures 68\u003c\/p\u003e \u003cp\u003eOverall Internal Control Summaries 68\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Two Examples of Risk Management in the Federal Government 81\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHealth Risks 82\u003c\/p\u003e \u003cp\u003eSecurity Risks 82\u003c\/p\u003e \u003cp\u003eFinancial Risks 85\u003c\/p\u003e \u003cp\u003eTransportation Safety Risks 86\u003c\/p\u003e \u003cp\u003eExternal Risks 87\u003c\/p\u003e \u003cp\u003eCase Study: Applying Risk Management in Government: National Institutes of Health 89\u003c\/p\u003e \u003cp\u003eCase Study: National Archives and Records Administration 95\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Three Managing and Communicating Risk 105\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWriting Risk Statements 111\u003c\/p\u003e \u003cp\u003eDeveloping a Risk Statement 112\u003c\/p\u003e \u003cp\u003eInventory of Risk Statements 113\u003c\/p\u003e \u003cp\u003eRisk Assessment Techniques 120\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Four Risk Management Frameworks and Standards 125\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Voluntary Standards? A Look at OMB Circular A-119 126\u003c\/p\u003e \u003cp\u003eGAO Risk Management Framework 129\u003c\/p\u003e \u003cp\u003eISO 31000: International Risk Management Standard 135\u003c\/p\u003e \u003cp\u003eCOSO ERM Integrated Framework 138\u003c\/p\u003e \u003cp\u003eOCEG Red Book 2.0: 2009 140\u003c\/p\u003e \u003cp\u003eFERMA: 2002 140\u003c\/p\u003e \u003cp\u003eBS 31100: 2008 142\u003c\/p\u003e \u003cp\u003eAn Expanded View of ISO 31000 143\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Five Risk and Performance Management 151\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRisk and Performance: Government 153\u003c\/p\u003e \u003cp\u003eManaging Risk to Performance 157\u003c\/p\u003e \u003cp\u003eAn Expanded View of Strategic Risk Management 160\u003c\/p\u003e \u003cp\u003eRisk and Performance: Private Sector 167\u003c\/p\u003e \u003cp\u003eStandard \u0026amp; Poor’s ERM Analysis 170\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Six Building a Risk Culture 173\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRisk Culture Survey 177\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Seven ERM Maturity and Assessment 181\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eERM Maturity Models 181\u003c\/p\u003e \u003cp\u003eThe Role of the Internal Auditor in ERM 194\u003c\/p\u003e \u003cp\u003eCase Study: The Public Safety Canada Audit of Integrated Risk Management 196\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Eight ERM Core Competencies 209\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eERM Core Competency Survey 209\u003c\/p\u003e \u003cp\u003eSummary of Survey Results 211\u003c\/p\u003e \u003cp\u003eFederal versus State and Local Government Views of ERM 216\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Nine ERM Best Practices of Federal Agencies 223\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eNinety-Day Action Plan 223\u003c\/p\u003e \u003cp\u003eSample Implementation Plan 224\u003c\/p\u003e \u003cp\u003eWords of Wisdom 225\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter Ten Conclusion 227\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eNotes 231\u003c\/p\u003e \u003cp\u003eAppendix: Index of Survey Questions and Responses 243\u003c\/p\u003e \u003cp\u003eAbout the Author 279\u003c\/p\u003e \u003cp\u003eIndex 281\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eKAREN HARDY\u003c\/b\u003e is an expert risk management professional with extensive experience in the public sector. Dr. Hardy is a co-founder of the Association for Federal Enterprise Risk Management and serves on the U.S. Technical Advisory Group for ISO 31000. She also worked at Citibank and The White House Office of Management and Budget. She has published articles in numerous national and international publications, including Canada's \u003ci\u003ePublic Sector Digest\u003c\/i\u003e.\u003c\/p\u003e  \u003cp\u003e\u003cb\u003ePRAISE FOR \u003ci\u003eENTERPRISE RISK MANAGEMENT\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\"We applaud Dr. Hardy's latest contribution to the field of enterprise risk management. Her book, which expands on earlier work done for the IBM Center, provides a thorough foundation for public managers to appreciate and act upon the challenges they face, no matter at what level of government. Her book serves as a sorely-needed resource guide for busy executives, offering real-life examples, best practices, and different models for use.\"\u003cbr\u003e \u003cb\u003e—Daniel Chenok,\u003c\/b\u003e Executive Director, IBM Center for the Business of Government\u003c\/p\u003e \u003cp\u003e\"C. W. Ceram once wrote: 'Genius is the ability to reduce the complicated to the simple.' With this quote in mind, I have often found the topic of Risk Management and the related readings to be quite complicated to grasp and implement. Then along comes Dr. Hardy and her book, \u003ci\u003eEnterprise Risk Management\u003c\/i\u003e. She is a risk-management genius in that she takes this challenging concept and helps the reader to truly understand Risk Management and how to implement a solid Risk Management Approach.\"\u003cbr\u003e \u003cb\u003e—Christopher P. Neck,\u003c\/b\u003e Associate Professor of Management, University Master Teacher, Arizona State University\u003c\/p\u003e \u003cp\u003e\"Dr. Hardy provides public sector professionals with a much-needed, comprehensive resource manual on the adoption of Enterprise Risk Management as a modern managerial tool. Through effective and practical advice, she does an excellent job of guiding readers through a step-by-step process, focusing on how to strengthen decision making at the strategic level.\"\u003cbr\u003e \u003cb\u003e—Stefano Losi,\u003c\/b\u003e Enterprise Risk Management Programme Officer, United Nations, New York*\u003c\/p\u003e \u003cp\u003e*The views expressed herein are those of the author and do not necessarily represent the views of the United Nations.\u003c\/p\u003e","brand":"Jossey-Bass","offers":[{"title":"Default Title","offer_id":47989141962981,"sku":"NP9781118911020","price":71.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118911020.jpg?v=1761782967","url":"https:\/\/k12savings.com\/products\/enterprise-risk-management-isbn-9781118911020","provider":"K12savings","version":"1.0","type":"link"}