Enterprise Risk Management - (Request for Information)

Instruction shall be phased to support VBA leadership and employees in assessing VBA’s current risk culture, designing and facilitating risk assessment workshops, developing risk appetite statements, analyzing risks, identifying risk metrics, risk reporting, communications and culture change, and integrating the principles of risk management to support decision making and resource allocation. Instruction shall emphasize practical application of theory, tools and techniques using real-world risks facing VBA and build upon the work done in VBA to date. Instruction will consist of three major areas: Encouraging Culture Change to Improve ERM Effectiveness; Maturing the ERM Process; Developing the Required Analytical Tools and Risk Assessment Capabilities.