The PIH Risk Division is responsible for managing the Enterprise Risk Management program for the Office of Public and Indian Housing (PIH).
Using the Committee of Sponsoring Organizations of the Treadway Commission (COSO) model, Enterprise Risk Management (ERM) provides a framework for managing risk which identifies particular events or circumstances relevant to PIH's objectives, assesses them in terms of likelihood of occurrence and magnitude of impact, determines a response strategy, and monitors progress.
Identifying and anticipating risks will reduce sudden shocks and unwelcomed surprises that management and staff are faced with, therefore reducing the time and resources spent fire-fighting. By better planning responses to cross-cutting risks, PIH will be able to better utilize its resources, find innovative solutions, and provide better service to the many customers we serve.
For more information, please contact us at PIHRiskDivision@hud.gov.