Government Matters Logo
Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages
Doug Webster, former chief financial officer at the Department of Education, discusses enterprise risk management in the federal government, and why implementing it requires big cultural changes. Both the Office […]

Doug Webster, former chief financial officer at the Department of Education, discusses enterprise risk management in the federal government, and why implementing it requires big cultural changes.


Both the Office of Management and Budget and the Government Accountability Office have released risk management guidance for government agencies. Doug Webster, former chief financial officer at the Department of Education, says that one of the most important things to think about when implementing ERM is culture.   “The biggest challenge of enterprise risk management, whether it’s public sector or private sector, is getting a culture willing to be transparent on what the risks are. Too often folks think of risk as something bad. ‘I don’t want to acknowledge my risk because it says I am not doing my job.’ Quite to the contrary,” Webster said. “Risks are a matter of life, and if you don’t recognize those risks, then you can’t manage them. It’s very, very important that we develop this culture where risk is not viewed as a bad thing and ‘I am doing my job’ and we’re willing to communicate risk to higher ups.”

Share This
Where to Watch
  • WJLA 24/7 News
    Weeknights at 8 PM and 11 PM on WJLA 24/7
  • ABC7
    Sunday Mornings at 10:30 AM on ABC7
  • AFN American Forces Network
    Worldwide on American Forces Network
Sponsored

Government Matters: Inside Redstone Part 2

Watch Part 2 of Government Matters' Inside Redstone on demand now presented by Deloitte and Dell Technologies.
More
May 2019
M T W T F S S
« Apr    
 12345
6789101112
13141516171819
20212223242526
2728293031  
Our Brands
  • Government Matters Logo
  • Government Matters Defense
  • Government Matters Thought Leadership Network