How can risk management strategies reduce operational risk? How has the US Department of Labor employed risk management strategies to reduce improper payments in its Unemployment Insurance program? Join Michael Keegan next week as he explores these questions and more with Prof Justin Bullock, co-author of the IBM Center report, Risk Management and Reducing Improper Payments: A Case Study of the U.S. Department of Labor.
This report continues our long interest in risk management with a specific focus on employing risk management strategies to reduce improper payments at the U.S. Department of Labor’s (DOL) Unemployment Insurance (UI) program.
Professors Greer and Bullock detail DOL’s innovative approach
to improve outcomes and performance related to improper payments,
which is an area of operational risk that has been identified
as a legislative priority.
Who can you trust? The tragic Navy Yard shootings in 2013 crystallized a long-simmering problem: how to proactively manage potential threats from the government’s own employees and contractors. President Obama in one of his last acts in office, set a framework in place.