Management of Risk – new version is released
The rapidly maturing OGC Management of Risk publication is now in its 3rd version and was released in December. A copy of the brochure outlining the new version can be found by following this link
In summary, the main changes are to the chapters covering:
|M_o_R principles||The principles have been recast to align them with those described in ISO 31000, and to be more consistent with the principles in other Best Management Practice guides|
|M_o_R approach||This chapter still describes the necessary risk management documentation, but has been improved by moving guidance on specific risk management concepts to the process chapter and now explains the relationships between these documents|
|M_o_R process||The basic process has not been changed, but greater emphasis is now given to the need for communication throughout the other process steps|
|Embedding and reviewing M_o_R
|This chapter has been rewritten to improve the guidance on how to embed and review risk management.
Improvements have also been made to the Perspectives chapter and the appendices covering the M_o_R document outlines, Common Techniques, Management of Risk health check and maturity model, and the Risk Specialisms.