Relying on Risk Models

The image of the auditor sitting in front of a stack of spreadsheets, with a trusty calculator at the ready, is right out of central casting. So is the investigator on round-the-clock surveillance to uncover fraud or misuse of government funds.

Those techniques have their place, of course, but today’s audits and investigations rely heavily on data analytics and risk models. At the U.S. Postal Service Office of Inspector General (OIG), we have invested in building an analytical, evidence-based culture that depends on data to promote efficiency and effectiveness in government.

 

Looking at Product Cost Changes

There are many ways to cut costs. Ask any company that has tried to reduce costs. Or even look at your own household situation. You can cut down on take-out dinners, cancel a vacation, or drop a gym membership you aren’t using anyway. But at a certain point, you realize some costs are just not in your control. You can’t do much about what the utility company charges you or what it costs to fix your car when it breaks down.

The same is true for the U.S. Postal Service.

 

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Recent Poll

Do you think USPS should invest in Treasury Inflation-Protected Securities?

Yes
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No
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Total votes: 100

Recent Comments

  • 1 day 18 hours ago
    I'm bothered by this because I know that a person got one of these emails that had a package at his Post Office. How would scammers know that a customer has a package? Tracking system hacked?...
  • 1 day 18 hours ago
    My mail is constantly not being delivered. I will check tracking on a pkg and it will show it was received and sorted and is "out for delivery" but then it doesn't get delivered till...

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