2.4: Risks
Utilize a Risk Assessment Framework outlined and further described in the Data Quality Plan for Federal Spending Other Information:
DOI may utilize a Risk Assessment Framework outlined and further described in the Data Quality Plan for Federal Spending.
DOI’s Integrated Risk Management Framework, an existing integrated risk management framework, assesses risk throughout all
programs and can be used for Open Government. The framework integrates the Department’s mission areas and outcome goals, Strategic
Plan, and Business Model. The integrated risk management framework is designed to improve consistency and comparability of
each bureau’s/office’s activities. The framework is intended to be flexible and scalable. Some of the anticipated benefits
include: Leveraging existing reviews, inspections, evaluations, and investigations to receive formal acknowledgement of strong
data spending internal control practices; Conveying knowledge and sharing best practices; Following a structured, disciplined
approach and detailed guidance for conducting risk assessments; Gaining a comprehensive understanding of inherent risks in
spending activities in place to address/mitigate these risks; and Leveraging existing capabilities, processes, and proven
technology solution to meet needed risk assessment roles.
Objective(s):
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