risk owner

What Risk Ownership Is and Isn’t

In a previous article on assigning a risk owner, I discuss how designating someone to be accountable for a risk is important for ensuring that it does not fall through the cracks and that an appropriate response is developed and acted upon in a timely manner. The article provides a high-level overview of when a…
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risk owners

3 Steps to Ensuring Risk Owners Ultimately Fulfill Their Obligations

It’s all too common…we ask someone to help with something just to be disappointed later. It’s frustrating…believe me I know. When it comes to managing risks and opportunities, we assign an “owner” to manage the day-to-day and ensure someone is responsible for the risk (and oversee the mitigation activities). As I discuss in this article…
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changes in risk owner

Avoid the Scramble: Proactively Plan for Changes in Risk Owner

Wouldn’t it be nice if a risk simply went away when the risk owner left the organization or changed roles? Okay, now wake up from that dream…this doesn’t happen in real life. As a previous article on assigning a risk owner explains, the ERM unit does not actually manage risks. Instead individual(s) who are close…
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