We recommend that the Deputy Assistant Secretary for Operations develop and implement policies to require CPD headquarters’ substantive involvement and responsibility in the risk assessment and monitoring function, including (1) oversight of risk assessment, including ensuring that all required grantees have a risk assessment performed; (2) review of annual work plans; (3) evaluation of monitoring performance and findings; (4) institution of functional supervisory controls; and (5) enforcement of field office compliance with risk analysis and monitoring requirements. If OFM does this, a minimum of $907 million in Federal funds could be put to better use by more consistently and accurately assessing risk and monitoring grantees.