Risk Management and Reducing Improper Payments: A Case Study of the U.S. Department of Labor

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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.

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Thomas H. Stanton and Douglas W. Webster
Fellow, Johns Hopkins Univ. and Senior Fellow, George...

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Pursuing Risk Management in Government —A Leadership Imperative
It is a leadership imperative for government executives to mitigate the potency of uncertainty by managing the realities of risk.

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Applying Risk Management Strategies to Reduce Improper Payments
Thursday, February 16, 2017 - 14:50
This report continues our long interest in risk management with a specific focus on employing risk management...
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In 2009, the American Recovery and Reinvestment Act provided a one-time boost in spending to state and local governments of more than $275 billion which was distributed via 65 different new or existing federal programs.
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This report explores how federal chief financial officers (CFOs) and financial managers can help guide their agencies to take a more holistic approach to risk management by implementing an Enterprise Risk Management (ERM) system. This approach helps reduce...
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This report includes two papers describing how the federal government can increase its capability to undertake strategic risk management in safeguarding the nation. In recent years, the government has devoted increased attention to the use of strategic...
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This report highlights the fundamental tensions that federal credit programs face between doing good and doing well. On the one hand, the government provides support through loans and loan guarantees to borrowers who are not considered adequately served...
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