Enterprise Risk Management Department of Energy

Enterprise Risk Management

Department of Energy

ERM Framework Analysis

September 27, 2014

Table of Contents

Table of Contents

Introduction 1

Objectives 1

Accountability 1

Risk Categories 1

Exhibit 1 1

KRI 1

Introduction 1

Objectives

.

Department of Energy ERM Framework Analysis

Introduction

The Department of Energy mission statement is to ensure America’s security and prosperity by addressing its energy environment and nuclear challenges through transformative science and technology solutions. This mission statement applies to all sectors of the economy including science, technology, engineering, national security, international affairs or business. The Department of Energy is working with universities, businesses and the National Labs to help develop new, energy-efficient technologies while boosting the efficiency of current technologies on the market. DOE goal is to help improve clean air that we breathe, improve competitiveness of our businesses and reduce energy costs for consumers. (http://energy.gov/ )

Objectives

DOE is trying to implement an Enterprise Risk Management system to help improve their mission execution. By having this type of internal control put in place this will help better equip the Department to manage performance and make risk informed decisions. By creating an ERM framework this can...