The National Academy of Public Administration and Ernst & Young LLP held a panel discussion titled "From Enterprise Risk Management to Risk-Enabled Performance: A Conversation with Leaders." The theme of this event - using risk management to enable improved outcomes - focused on achieving a holistic approach to managing an agency's performance by leveraging risk-enabled methods and tools.
This paper provides an overview of insights that enterprise risk management (ERM) leaders, representing both the public and private sectors, discussed during the panel; it is arranged topically by questions addressed during the discussion.
These experts concluded that integrating performance and risk management practices provides greater visibility into uncertainties, enabling better decision-making and improved results. As one panelist stated, "I do not know how to achieve performance goals if you are not thinking of risk."