Mansoor MustafaSenior PM| Government DepartmentRawalpindi Punjab, Pakistan
Some organization have risk governance body for consistent implementation of risk management polices and provide mentor to PMs, Is it really require or PMO or risk management team or any other organization is sufficient to ensure consistent risk management polices and procedures Saving Changes...
A PMO has many flavors. Risk management governance is just one part, as is any PM process/system governance. If risk governance is all you require, then a PMO is not necessary. But then if your organization is large enough to have a risk governance body for its projects, it's probably large enough to have a PMO. Saving Changes...
Mansoor MustafaSenior PM| Government DepartmentRawalpindi Punjab, Pakistan
Thanks Sante for reply Saving Changes...
Sergio Luis ConteHelping to create solutions for everyone| Worldwide based OrganizationsBuenos Aires, Argentina
All related to risk has to be defined at strategical level. Project Risk Management is a subset of that. You do not need to anyone else than the project manager and the project team to put it into action for each initiative. Saving Changes...
It will really depend on the organization's risk management maturity. It is common in large, well-established organizations to have an enterprise risk management team which will work hand-in-hand with a PMO to align risk practices and reporting.
However, as Sergio has correctly stated, the rubber hits the road at the team level. Unless the project is sufficiently critical to warrant a dedicated project risk function, the effectiveness of the risk management function will be primarily driven by the PM and the team.
I see many organisation adding to the C-suite a CRO, Chief Risk Officer.
I all depend on the business/organisation. It is a strategic choice, that show the importance too the organization. Saving Changes...
Stéphane ParentSelf Employed / Semi-retired| Leader MakerPrince Edward Island, Canada
If the organization has an Enterprise Risk Management function, I could see that funtion having governance over project risk management. Saving Changes...
Mansoor MustafaSenior PM| Government DepartmentRawalpindi Punjab, Pakistan
thank full to all of you for valuable information and comments Saving Changes...
Kevin ColemanSubject Matter Expert, Author, Speaker and Strategic Advisor| - InsightsPa, United States
I have recently experienced the talk of a CRO - Chief Risk Officer that reports directly to the CEO Saving Changes...
