800-53|PM-9

Title

RISK MANAGEMENT STRATEGY

Description

The organization:

Supplemental

An organization-wide risk management strategy includes, for example, an unambiguous expression of the risk tolerance for the organization, acceptable risk assessment methodologies, risk mitigation strategies, a process for consistently evaluating risk across the organization with respect to the organization's risk tolerance, and approaches for monitoring risk over time. The use of a risk executive function can facilitate consistent, organization-wide application of the risk management strategy. The organization-wide risk management strategy can be informed by risk-related inputs from other sources both internal and external to the organization to ensure the strategy is both broad-based and comprehensive.

Reference Item Details

Related: RA-3

Category: PROGRAM MANAGEMENT

Family: PROGRAM MANAGEMENT

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