Homeland Security: Applying Risk Management Principles to Guide Federal Investments GAO-07-386T, February 7, 2007: “Since the terrorist attacks of September 11, 2001, and the subsequent creation of the Department of Homeland Security (DHS), the federal government has provided DHS with more than $130 billion in budget authority to make investments in homeland security. However, as GAO has reported, this federal financial assistance has not been guided by a clear risk-based strategic plan that fully applies risk management principles.”
Homeland Security: Management and Programmatic Challenges Facing the Department of Homeland Security GAO-07-452T, February 7, 2007: “GAO designated implementing and transforming DHS as high risk in 2003 because DHS had to transform 22 agencies–several with existing program and management challenges–into one department, and failure to effectively address its challenges could have serious consequences for our homeland security. Despite some progress, this transformation remains high risk.”
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