Risk Management - Kearney & Company

Risk management is crucial for long-term organizational success; it involves identifying, assessing, and mitigating potential risks impacting operations, finances, or reputation. By proactively addressing risks, our clients can safeguard against uncertainties and disruptions, ensuring continuity and resilience in a dynamic business environment.

Implementing robust risk management practices enhances decision-making by providing a clearer understanding of potential threats and opportunities. It also fosters a proactive culture—promoting accountability and transparency across all levels of an organization, ultimately leading to improved performance and stakeholder confidence.

Kearney & Company’s risk management services allow our clients to become more innovative and agile—with the ability to implement strategic initiatives with confidence while protecting the organization from potential threats.

Kearney’s consultants provide a full spectrum of critical risk management services, including:

Enterprise Risk Operations: Perform comprehensive identification and management of risks across the organization’s operational landscape

Governance, Risk, and Compliance (GRC): Deliver integrated governance, risk management, and compliance functions to align with organizational objectives and regulatory requirements

Internal Controls/A-123: Establish mechanisms to monitor and mitigate risks within processes and operations, enhancing operational efficiency and reliability

Proper risk management transforms an organization. Kearney ensures our clients are equipped to anticipate and adapt to changing conditions by building a foundation for managing unforeseen risks.

Insights

Leading Insights: Integration of Enterprise Risk Management (ERM) Capabilities and Potential Challenges

This is a reprint of an article that appeared in the July 2024 AFERM Newsletter. Integration, as it relates to the maturity of agencies’ Enterprise Risk Management (ERM) programs, has been a hot topic recently. According to the Chief Financial Officer’s (CFO) Council and Performance Improvement Council (PIC), Playbook: Enterprise Risk Management in the U.S. Federal Government (ERM Playbook), “Successful integration of ERM into agencies’ day to day decision-making and management practices enables agencies to leverage opportunities and avoid, mitigate, and transfer risk, resulting in more resilient, effective, and efficient programs.”

Using Value to Drive ERM Adoption

ERM allows agencies to detect risks across the full spectrum of strategic, operational, compliance, and reporting objectives, ties them directly to mission delivery, and then engrains risk management processes into the fabric of the organization.

NIST SP 800-53 Rev. 5: Straightforward Changes with Complex Solutions

As technology continues to advance, so must the controls that support the development of secure and resilient Federal information systems. Do you know what the new NIST SP changes mean for you and your organization?

Management’s Responsibility for Enterprise Risk Management and Internal Control

While the idea of fraud can be daunting, Federal agencies must know their responsibilities to prevent/mitigate it.

Keep Datasets Clean Using Data Quality Assessments

The Information Age has created a universe of data requiring rapid organizational change. The volume, velocity, and variety of the data has resulted in disjointed systems, siloed repositories, and a lack of communication around common challenges. As data degrades over time, the amount of organizational effort required to correct it grows exponentially.

Pandemic Relief Funds Unemployment Benefits Application Online Form on laptop

AGA Intergovernmental Forum: Managing and Overseeing Pandemic Relief Funds

Delivery of pandemic relief benefits required workarounds and innovative approaches under daunting circumstances. This experience led to the recognition of the need to invest in systems, technology, and streamlined but controlled processes to deliver benefits timely and accurately in the future.

No Inherent Trust?

The ingenuity of cyber-attacks is increasing every day, and each organization must have that same thought process when conceptualizing a Zero Trust environment.

Tableau Capabilities Federal Agency Kearney Blog

Tableau Capabilities to Improve Federal Agency Oversight and Monitoring

Creating effective dashboards allows oversight and monitoring to move more quickly and gives the ability to focus on areas of concern that matter to stakeholders.

Insights

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