Black Swans: Are you prepared?

“He said the goal of the new guidelines was ‘to ensure federal managers are effectively managing risks an agency faces toward achieving its strategic objectives and arising from its activities and operations.

If OMB’s new guidance is to be taken seriously — and it should — agency leaders should be actively identifying the major risks and opportunities they face. They should (1) convene internal and external stakeholders to brainstorm potential low, medium or high risks, (2) create a risk management plan to mitigate the potential risks and (3) develop a strategic plan for managing these risks.

Source: Black Swans: Are you prepared? [Commentary]

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