{"product_id":"transforming-a-federal-agency-isbn-9781119850373","title":"Transforming a Federal Agency","description":"\u003cp\u003e\u003cb\u003eDiscover how the author transformed a massive government department in just a few years and fixed seemingly unfixable problems \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIn \u003ci\u003eTransforming a Federal Agency: Management Lessons from HUD’s Financial Reconstruction\u003c\/i\u003e, finance and strategy expert Irving (Irv) L. Dennis delivers an insightful and eye-opening exploration of the lessons he learned in bringing private sector experience to the transformation of the US Department of Housing and Urban Development’s financial systems. \u003c\/p\u003e \u003cp\u003ePulled out of retirement after a 37-year career at Ernst \u0026amp; Young (EY), the author’s tenure at HUD involved a rapid and surgical rejuvenation of their financial infrastructure. The book details the ten management areas he focused on and also includes: \u003c\/p\u003e \u003cul\u003e \u003cli\u003eThe transformation process and the barriers and roadblocks the author encountered on his journey \u003c\/li\u003e \u003cli\u003eEnsuring an enduring transformation even after changes in administration \u003c\/li\u003e \u003cli\u003eFunctional differences between the private sector and governmental organizations \u003c\/li\u003e \u003cli\u003eHow the author approached his first 100 days as Chief Financial Officer of the Department \u003c\/li\u003e \u003cli\u003eInsights into the innerworkings of the Executive Branch of government  \u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003ePerfect for government employees, finance professionals in the public and private sectors, and business students, \u003ci\u003eTransforming a Federal Agency\u003c\/i\u003e is a simultaneously fascinating and instructive journey through the remediation of seemingly intractable financial mismanagement. \u003c\/p\u003e \u003cp\u003eForeword from Former Secretary of HUD, \u003ci\u003eDr. Ben Carson\u003c\/i\u003e xi\u003c\/p\u003e \u003cp\u003eIntroduction: What the Reader Can Expect xvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I The Beginning\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1 The Nomination Process 3\u003c\/p\u003e \u003cp\u003e2 About HUD 21\u003c\/p\u003e \u003cp\u003e3 HUD’s State of Affairs 43\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II The Evaluation Process\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4 My First Hundred Days 55\u003c\/p\u003e \u003cp\u003e5 Evaluation of Governance, People, Processes, and Technology (GPPT) 75\u003c\/p\u003e \u003cp\u003e6 Understanding How It Got This Bad 87\u003c\/p\u003e \u003cp\u003e7 Barriers to Success 95\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III\u003c\/b\u003e \u003cb\u003eThe Transformation Process\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e8 Building the Platform for Success 113\u003c\/p\u003e \u003cp\u003e9 Financial and IT Modernization 139\u003c\/p\u003e \u003cp\u003e10 Coordination with Critical Service Providers 161\u003c\/p\u003e \u003cp\u003e11 The Results—Where We Were in 2020 173\u003c\/p\u003e \u003cp\u003e12 Making HUD’s Transformation Sustainable 201\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart IV Observations And Reflections\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e13 Differences Between the Private and Public Sectors 211\u003c\/p\u003e \u003cp\u003e14 Final Thoughts—An Experience of a Lifetime 227\u003c\/p\u003e \u003cp\u003eAcknowledgments 251\u003c\/p\u003e \u003cp\u003eAbout the Author 255\u003c\/p\u003e \u003cp\u003eAppendix 257\u003c\/p\u003e \u003cp\u003eAppendix A Acronyms and Definitions 259\u003c\/p\u003e \u003cp\u003eAppendix B History of HUD 267\u003c\/p\u003e \u003cp\u003eAppendix C Summary of HUD’s 2020 Enacted Budget 271\u003c\/p\u003e \u003cp\u003eAppendix D CFO Letters in the Agency Financial Report 273\u003c\/p\u003e \u003cp\u003eAppendix E My Resignation Letter 289\u003c\/p\u003e \u003cp\u003eAppendix F List of HUD’s Accomplishments in 2018 and 2019 291\u003c\/p\u003e \u003cp\u003eIndex 311\u003c\/p\u003e \u003cp\u003e\u003cb\u003eIrv Dennis\u003c\/b\u003e is a strategic board member, advisor, executive, and financial expert. He is the former Chief Financial Officer of the United States Department of Housing and Urban Development and spent a 37-year career at Ernst \u0026amp; Young, LLP, retiring as a Senior Global Client Service Partner.\u003c\/p\u003e  \u003cp\u003eWhen Irv Dennis was pulled out of retirement after a successful 37-year career at Ernst \u0026amp; Young to lead the financial affairs of the U.S. Department of Housing and Urban Development (HUD), that organization hadn’t received a clean audit in several years. It  was beset by material weaknesses in its accounting processes and uncompliant with most governmental financial reporting regulations. \u003c\/p\u003e\u003cp\u003eIn\u003ci\u003e Transforming a Federal Agency: Management Lessons from HUD’s Financial Reconstruction,\u003c\/i\u003e the author tells the story of his transformative tenure as Chief Financial Officer of HUD, where he led a process of financial renewal with surgical and tactical precision. \u003c\/p\u003e\u003cp\u003eWritten to allow each chapter to stand on its own so that critical management teachings can be drawn from each section, the book addresses a variety of subjects, like HUD’s state of affairs upon Irv’s arrival, how the author approached his first 100 days at the Department, and the evaluation of governance, people, processes, and technology. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eTransforming a Federal Agency\u003c\/i\u003e also explores the transformation process at HUD—with lessons to be drawn for other private and public organizations—and the barriers to success the author encountered and overcame during his financial restoration of the Department. It also examines the steps necessary to ensure the improvements made would endure a change in administration. Finally, the book examines the importance of bringing private-sector experience to governmental departments, and the differences between the two worlds relevant to those in positions of financial leadership. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eTransforming a Federal Agency: Management Lessons from HUD’s Financial Reconstruction\u003c\/i\u003e is an indispensable resource for government employees, finance professionals in the public and private sectors, and business students. It also belongs in the libraries of anyone interested in the inner workings of governmental departments or in exemplary financial leadership.  \u003c\/p\u003e\u003cp\u003e\u003cb\u003ePraise for \u003ci\u003eTransforming a Federal Agency\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e“Irv shares an inspiring, detailed story of how a very successful businessman can make a tremendous impact in a large and very challenged government agency. His leadership and disciplined plan delivered remarkable improvements and progress at HUD well beyond what would have been thought possible.” \u003c\/p\u003e\u003cp\u003e\u003cb\u003e—Stephen D. Steinour,\u003c\/b\u003e CEO, Huntington Bancshares Incorporated  \u003c\/p\u003e\u003cp\u003e“As an EY audit partner, Irv had an extraordinary ability to unwind complex problems to quickly address the heart of the issue with practical solutions and achieve the best results in service of our clients and the capital markets. His leadership of the financial transformation at HUD was no different. This book presents a compelling framework for leading through challenging changes in a complex environment and provides insights into the inner-workings of government that will benefit college students and business leaders.” \u003c\/p\u003e\u003cp\u003e\u003cb\u003e—Kelly Grier,\u003c\/b\u003e US Chair and Americas Managing Partner, Ernst \u0026amp; Young LLP \u003c\/p\u003e\u003cp\u003e“I know from Irv’s lectures that sharing his experiences is of tremendous value to MBA and other graduate students as well as serious business leaders interested in leading complex change and innovation. In this book, Irv describes his perspectives on evaluating and improving an entity’s governance, people, process, and technologies, which is easy to understand and serves as a great lesson.”  \u003c\/p\u003e\u003cp\u003e\u003cb\u003e—Ron Strauss,\u003c\/b\u003e Senior Associate Dean and Previous Chair of the Accounting and Finance Department, Feliciano School of Business \u003c\/p\u003e\u003cp\u003e“Irv Dennis was an amazing CFO who brought years of private sector experience, mindset, and velocity to HUD and successfully instituted financial transformation through improved governance, policies, and data analytics. His actions and that of his team saved taxpayers millions of dollars by bringing new efficiencies and eliminating costly errors and redundant processes. Irv’s insightful book provides an in-depth approach to an underreported story of his leadership to turnaround an Agency that had not received a clean audit nor had the benefit of an individual like Irv with close to 40 years private sector accounting and financial management experience. The turnaround to a condition of operational excellence in only three years was astonishing.” \u003c\/p\u003e\u003cp\u003e\u003cb\u003e—Brian Montgomery,\u003c\/b\u003e former HUD Deputy Secretary, 2018-2021; Federal Housing Commissioner, 2005-2009\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990406381797,"sku":"NP9781119850373","price":35.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119850373.jpg?v=1761787701","url":"https:\/\/k12savings.com\/products\/transforming-a-federal-agency-isbn-9781119850373","provider":"K12savings","version":"1.0","type":"link"}