Content created by Assistant Secretary for Financial Resources (ASFR)
Fiscal Year 2024
Released March, 2023
Topics on this page: Objective 5.1: Promote effective enterprise governance to ensure programmatic goals are met equitably and transparently across all management practices.
Objective 5.1: Promote effective enterprise governance to ensure programmatic goals are met equitably and transparently across all management practices.
HHS is supporting strategies to promote effective enterprise governance and ensure programmatic goals are achieved. HHS is strengthening governance, enterprise risk management, and strategic decision making across the Department to better pursue opportunities and address risks while creating a culture of change to support continuous improvement in program and mission delivery.
Because this is a new objective, HHS will not include performance measures for Goal 5 Objective 1.
In 2021, HHS had an independent Enterprise Risk Management maturity assessment completed by the American Productivity and Quality Center (APQC) and St. John’s University Center for Excellence in Enterprise Risk Management. HHS was assessed as "world-class" with a "systematic" capability. With this assessment, APQC and St. John's noted that HHS is among leading organizations who use Enterprise Risk Management to "lower an organization's risk exposure and drive value through benefits like better decision-making, highly targeted business strategies, and faster responses to disruption." During 2022, HHS continues to use Enterprise Risk Management governance to identify and promote adoption of management best practices and lessons learned during the COVID pandemic. HHS plans to incorporate derived insights into its next update of its own internal Enterprise Risk Management organizational maturity model, once the COVID public health emergency has ended and post-COVID management reviews are completed.
The Office of the Secretary leads this objective. All divisions are responsible for implementing programs under this strategic objective. In consultation with OMB, HHS has determined that performance toward this objective has made noteworthy progress.