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AOF Preferred Terms and Definitions for Risk Management

[document] Submitted on 31 January, 2017 - 23:51
Keywords definitions risk management terms and definitions

Accept- Take a conscious and deliberate decision, justified by cost & benefit analysis, to do nothing about the probability and potential impact of a threat, when this is the most advantageous response. Continue to monitor the threat.
Origin: OGC PRINCE2 (modified)

Action Manager- An identifiable person who accepts delegated responsibility from the Risk Owner to manage delivery, by Action Owners, of one or more risk response actions.
Origin: MoD PPM CoE

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