Understanding ERM for Government Agencies Enterprise Risk Management (ERM) is no longer just a private sector priority. For government agencies, ERM has become an essential framework for anticipating threats, navigating uncertainty, and aligning risk with mission objectives. What Is ERM in the Public Sector? ERM is a structured, organization-wide approach to identifying, assessing, managing, and monitoring risks that may impact an agency’s ability to fulfill its mission. Unlike traditional risk management—which focuses on isolated operational risks—ERM integrates strategic, financial, compliance, reputational, and programmatic risks into a unified system. Why ERM Matters for Government Agencies In today’s environment of fiscal pressure, public scrutiny, and rapid change, government entities must: Demonstrate accountability and transparency Make informed, risk-based decisions Align resources with the most critical priorities Enhance resilience to disruptions (e.g....