Federal agencies face a wide array of strategic, programmatic risks that can impact their mission and objectives. Increasingly complex operating environments, the proliferation of laws and regulations with risk and accountability requirements, and budget cutbacks contribute to an ever-changing environment that forces organizations to assume more risk in fulfilling their mission and goals. This increased risk exposure puts pressure on agency leaders to better understand and control these risks in order to make smarter choices.
Risk modeling and simulation help agencies to improve their decision making by taking calculated risks and measuring the effectiveness of their decisions. Federal leaders require the necessary tools and techniques to manage the risks associated with their key decisions in a pro-active, responsible, and economical manner. Deloitte established the Center for Risk Modeling and Simulation to provide these precise tools and techniques.