#226 – RESILIENCE AND ENTERPRISE RISK MANAGEMENT – JAMES KLINE PH.D.

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Introduction
The term resilience is used in reports and studies by numerous government agencies and international institutions.  For instance, in 20014 the Organization for Economic Cooperation and Development issued a report entitled “OECD Reviews of Risk Management Policies: Boosting Resilience Through Innovative Risk Governance”. Continue reading

#225 – US CLIMATE CHANGE ASSESSMENT – JAMES KLINE PH.D.

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Introduction

            In November 2018, the U.S. Global Change Research Program issued Volume II of the Fourth National Climate Assessment Report.  Volume I was issued in 2017.  It deals with the science behind global change.  Volume II deals with the impact of global warming on natural environment, agriculture, energy production, human welfare, and societal impact.  This article discusses the assessments made in Volume II. Continue reading

#224 – STATUS OF ERM IN THE U.S. FEDERAL GOVERNMENT – JAMES KLINE PH.D.

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aIMG_4231-150x150Introduction
In 2015 the Office of Management and Budget (OMB) issued Circular A-123.  It requires all federal agencies to implement Enterprise Risk Management (ERM). ERM is a methodology which allows an organization to, in a systematic manner, identify, prioritize and reduce the adverse impact of risks events, such as fraud, cyber-attacks, mismanagement, and natural disasters, that could prevent the organization from accomplishing its mission and objectives. Continue reading