AOF Preferred Terms and Definitions for Risk Management

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