OMB's 1996 revision of Circular A-130, Appendix III, recognizes that federal agencies have had difficulty in performing effective risk assessments--expending resources on complex assessments of specific risks with limited tangible benefits in terms of improved security.
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Federal agencies have had difficulty in performing effective risk assessments--expending resources on complex assessments of specific risks with limited tangible benefits in terms of improved security--that was recognized in OMB's 1996 revision of Circular A-130, Appendix III.
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Nobody has yet recognized that federal agencies have had difficulty in performing effective risk assessments, and the money wasting goes on.