ITD implements Enterprise Risk Management
ITD is one of the most complex state agencies, providing a valuable and absolutely necessary service to citizens. In fact, transportation touches nearly every Idahoan every day – whether it's commuting to and from work or school, farm-to-market, providing a route to the grocery store or hospital, or dispensing driver's licenses and vehicle registrations, the department is omnipresent.
ITD’s top risks fall into three categories:
Each one of these risks, and two dozen additional risks, has dedicated mitigation plans and executive leadership attention.
“Travis McGrath leads the AASHTO Subcommittee on this topic. ITD Internal Review Manager Michelle Yankovich and her team are the muscle behind the effort. Michelle and Travis both have extensive expertise in ERM from their previous roles in private industry, and we are lucky to have them help bring ITD up to the speed of business in this key strategic effort,” McArthur said.
AASHTO and the Transportation Research Board have been advancing ERM as a new best practice for DOTs in recent years, and last year initiated a project to help implement ERM in those agencies.
“This innovative approach to our strategic efforts at ITD is not only a model for other DOTs, but has engaged staff from all areas of ITD and helped us ensure that our top organizational efforts are targeting our most serious threats and opportunities,” McArthur said.
ITD is now in a third year of ERM.