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INTRODUCTION
TOP GOVERNMENT RISKS

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In 1990, GAO began a program to report on government operations that it identified as “high risk.” Since then, generally coinciding with the start of each new Congress, GAO has reported on the status of progress to address high-risk areas and updated the High Risk List. In 2013, the GAO removed the high-risk designation from two areas – Management of Interagency Contracting and IRS Business Systems Modernization – and designated two new high-risk areas: Limiting the Federal Government’s Fiscal Exposure by Better Managing Climate Change Risks and Mitigating Gaps in Weather Satellite Data. These changes brought GAO’s 2013 High Risk List to a total of thirty areas.

The GAO High Risk List is particularly useful to risk managers, chief risk officers, and agency executive leadership in general because it serves as an independent review for flagging risk areas in government that may be missed by agencies. Overall, GAO’s high-risk program has served to identify and help resolve serious weaknesses in areas that involve substantial resources and provide critical services to the public. Since the high-risk program began, the government has taken high-risk problems seriously and has made long-needed progress toward correcting them. In a number of cases, progress has been sufficient for GAO to remove the high-risk designation. A summary of changes to GAO’s High Risk List over the past twenty-three years is shown in Table I.2.


Table I.2 Changes to GAO’s High Risk List, 1990–2013

Source: www.GAO.gov.

Enterprise Risk Management

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