Management ownership

There is unambiguous ownership of every aspect of the Risk Management process across the organisation.

Ownership involves a range of responsibilities and could be defined using set roles such as:

  • Risk sponsor - has overall accountability for the management of a risk.
  • Risk owner - has responsibility of managing and co-ordinating all aspects of the risk, ensuring that relevant information is available and assessed, and that relevant individuals are aware of the risk and involved in decision-making.
  • Control / action plan owner - responsible for the management and execution of controls / action plans surrounding a specific risk.
Last updated on 09 May 2007