AFERM Newsletter, Issue 36, March 2021

This 36th issue of the quarterly AFERM Newsletter includes thought leadership articles from enterprise risk management (ERM) practitioners with Accenture Federal Services, Bureau of the Fiscal Service, RMA Associates, and WAEPA.

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President’s Corner

Nicole PuriUpdates on AFERM’s Initiatives

By Nicole Puri

Spring is finally here, and it seems as though there may be light at the end of the pandemic tunnel. I hope each of you is enjoying the nice weather and able to start thinking about more activities with family and friends as the year goes on.

One of the best things to come out of the pandemic has been seeing how all of us, in government or government-supporting roles, have managed to work as hard as ever (or even harder) in making government work better through ERM. With a new administration we’re seeing new priorities around risk management, including looking at climate change risk. We’ve seen Part 6 of the Office of Management and Budget’s (OMB) Circular A-11 be reinstated, reinforcing the importance of integrating ERM with strategic planning and performance efforts. We expect more to come, and AFERM looks forward to continuing to work with the broader federal community to demonstrate ERM’s value and effectiveness as new priorities emerge from the administration.

AFERM too has been busy this year. We are in the process of developing a voluntary set of best practices around ERM in the federal government, to share AFERM’s view of critical elements for success in this space. We are reimagining our sponsorship program to provide more value both for sponsors and members. We are also actively pursuing partnerships with other institutions, including universities, to bring you cutting edge research and knowledge capital around federal ERM, and new, practical forms of training and development for practitioners.

We’re also going back to a two-day format for the Summit this year, and while it will still be virtual with some in-person components, we expect it to be one of our best events in years. We’re planning an array of exciting speakers, enhanced member and participant interaction, the opportunity for all of you to host and participate in breakout sessions, and the continuation of the digital demo we’ve had in the past.

Finally, AFERM is currently testing a Knowledge Portal, which will allow members to post and share content in collaboration spaces through the AFERM website. While currently in use by the AFERM Communities of Interest, we expect to be releasing the main portal to all members in the coming weeks.

I want to thank the amazing federal ERM community for continuing your hard work and dedication to the advancement of progress. And for all of you who have and continue to reach out to me to keep in touch, volunteer your time for AFERM, or just provide general support, you have my sincerest thanks. It is a pleasure to be your President.Content.

Best regards,
Nicole D. Puri

Nicole Puri, AFERM President, may be contacted at