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Enterprise Risk Management: Selected Agencies’ Experiences Illustrate Good Practices in Managing Risk : Government Accountability Office (GAO) , December , 2016

December 2016

Government Accountability Office (GAO)

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From the document: "Enterprise Risk Management (ERM) is a forward-looking management approach that allows agencies to assess threats and opportunities that could affect the achievement of its goals. While there are a number of different frameworks for ERM, the figure below lists essential elements for an agency to carry out ERM effectively. GAO reviewed its risk management framework and incorporated changes to better address recent and emerging federal experience with ERM and identify the essential elements of ERM as shown below."



Government Accountability Office (GAO)


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