This white paper, developed by the KPMG Government Institute in collaboration with AFERM, explores risk culture in the context of four fundamental questions.

  1. Why focus on risk culture?
  2. What are the fundamental considerations in changing the risk culture?
  3. What are the attributes of leading risk cultures in government?
  4. How do organizations address gaps in their risk culture?

The white paper incorporates results from the 2017 Federal Enterprise Risk Management Survey, performed by PwC in collaboration with AFERM (2017 ERM Survey). This third annual survey included additional targeted risk culture questions to support development of this white paper. Survey respondents saw culture as really mattering. They identified cultural and related constraints as the dominant barriers to implementing ERM.