Executive branch agencies are awaiting new guidance on enterprise risk management from the Office of Management and Budget in the form of an update to Circular A-123. The circular will contain deadlines to motivate government leaders to develop their risk management programs within a short period of time.
The updated circular had been expected in the fall of 2015, but despite the delay, OMB is sticking to the deadline of requiring that the new administration receive agencies’ ERM plans on its first day in office in January 2017.
