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A risk owner is the person who is responsible for monitoring their risks and executing risk responses when appropriate; and risk register is document as well as identify potential risks in a project or an organization.
I understand that thanks.
But who is the owner of Risk Register document?
The person assigned to maintain the risk register. They should be somewhere in the RACI chart.
AS would be mentioned in the Risk Management plan of appropriate Portfolio or Program or Project.
Risk Owner is the person who is accountable for defining the plan or actions related to risk. Risk Register belongs to all the team. Project manager is accountable for the deliverable and keep the process to manage the deliverable but everybody in the project team can work with it because everybody in the project team can run the process regarding risk.
Risk Register as a DOCUMENT is responsibility of all the risk owner.
Does PMO team accountable to maintain and publish the risk registered?
I have this issue in my organization where no team is taking ownership of risk register document.
Can you please put more light on , process, procudure and step.
Here my perception: perhaps you have to take a look to RASCI chart to understand what roles and responsabilities mean in that context (just because I am using it does not mean that you have to use it.). On the other side, which is your risk management process? that is the key to sustain this discussion. At the end, what you are looking for? If you are the project manager then you are accountable for project risk management process.
Overall project risk is usually owned by the business owner or sponsor - they are funding the project, will reap its rewards and hence would also incur the impact of most realized risks.
However, as others have stated, the PM is usually accountable for the accuracy and completeness of risk register content.
As far as ownership of individual risks goes, I normally consider that to be who is best positioned to respond to the risk.
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