co-editor with Douglas W. Webster
(John Wiley & Sons, 2014)
Federal executives face the question, “What are the risks that could prevent my agency from achieving its mission and objectives?” Any number of diverse risks may be present, from cyberattacks to failure to comply with legal or policy requirements to the unexpected loss of talented employees. As with major private corporations, agencies of the U.S. government must identify risks that potentially threaten their missions, and implement effective policies to address those risks. Sound risk management empowers a government agency to be more agile and efficient as it navigates increasingly turbulent waters of domestic politics, budgetary constraints, and media and congressional scrutiny, to name a few. Properly executed risk management strategies can deliver bottom-line benefits to government agencies in the form of cost savings and increased operational efficiency. This book introduces fundamental principles of risk management and how to apply them. With real-world examples—of successes and failures—from within the federal government and direct lessons from the global financial crisis, the book provides a comprehensive road map for creating, managing, and supporting effective risk management programs within government agencies.