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Management Concepts

Manage Risk Through Effective Enterprise Risk Management

Available dates

Nov 7—8, 2019
2 days
Tysons, Virginia, United States
USD 729
USD 364 per day
Dec 19—20, 2019
2 days
Washington, District of Columbia, United States
USD 729
USD 364 per day
Feb 10—11, 2020
2 days
Washington, District of Columbia, United States
USD 729
USD 364 per day
+6 more options


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About the course

OMB Circular A-123 requires Federal agencies to implement Enterprise Risk Management (ERM). ERM allows an agency to address risks by conveying their impact across a strategically-aligned portfolio. This leads to the accurate prioritization of challenges to support effective use of resources and the achievement of the mission. You will understand the relationship between internal control and ERM.

Learning Objectives

  • Explain the governing authorities that relate to internal controls and how they apply to the overall internal control process
  • Demonstrate the ability to identify and assess risks
  • Explain OMB's Enterprise Risk Management (ERM) guidelines for managing an effective ERM program, including how to develop risk profiles
  • Use the appropriate internal control test methods during an internal control review (ICR)

Course Topics

Legal Requirements and the Internal Control Process

  • The Internal Control Requirements of the Integrity Act
  • Guidance for Federal Managers
  • The Internal Control Standards

Risk in the Federal Government

  • Understanding Risk
  • Assessing Risks

Enterprise Risk Management (ERM)

  • Understanding Enterprise Risk Management (ERM)
  • Main Elements of an Enterprise Risk Management Program

The Internal Control Review (ICR)

  • Understanding Internal Control Reviews
  • The Major Steps in an ICR

Who should attend

This course is designed for program and project managers, supervisors, and staff in all disciplines and at all levels, including internal review staff.

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