Dr. Doug Webster is the former CFO of the US Department of Education. He was previously Director, Risk Management, US Agency for International Development, and served as the CFO of the US Department of Labor in the GW Bush administration. He has two decades of consulting experience in the areas of strategic planning, risk management, cost management, and performance management. As an adjunct professor, he has taught strategic planning, managerial accounting, financial management, engineering economic analysis, business ethics, and Enterprise Risk Management. He is a Fellow of the National Academy of Public Administration (NAPA), Director Emeritus of a $25B credit union, and co-founder of the Association for Federal Enterprise Risk Management. Dr. Webster has served as a member of the United States Technical Advisory Group for the ISO 31000 Risk Management Standard and is co-author/co-editor of four books, including Managing Risk and Performance: A Guide for Government Decision Makers and Value-Based Management in Government.
There has been considerable advancement in the application of risk management over the past two decades in running organizations. In particular, Enterprise Risk Management (ERM) has become a broadly accepted approach to managing risk across the enterprise based on a portfolio management perspective.However, no organization exists solely to balance risk across the enterprise. That is but a part of what any o..
The concept of Enterprise Risk Management as a strategically-aligned, portfolio management approach to risk management was first proposed nearly 30 years ago. This session will briefly discuss the history of ERM, clarify the distinction between ERM and risk management, and discuss the value that ERM brings to any complex organization. Key steps in implementing and maturing an ERM program will be covered.Are..