Assessing the Consequence of Enterprise Risk upon the NOAA Services for Risk Management

NOAA’s service enterprise, the path of data synthesis from observations to management decisions, is complex and interconnected. To understand this complexity, assess service gaps and opportunities, the NOAA Observing System Integrated Assessment (NOSIA) was created as a flexible “value tree” model of NOAA enterprise services to inform NOAA leadership regarding the relevance of earth observation investments to NOAA’s high priority services.

Value tree information provides useful guidance to inform NOAA strategic decision making. NOAA’s value tree model has been extended with crucial related information NOAA Enterprise Risk Management and Economics to support NOAA leadership decisions. This presentation focuses on the innovative integration of an organizational risk registry, the cost to mitigate the risk, and the consequence of unmitigated risk through a value tree analysis is a useful and innovative tool for NOAA leadership for risk management.