The PMO role in risk management

The links between project risk management and the organisation’s risk management mean that some project risks could be dealt with at organisation level more easily.  It is in both the project manager’s interests and the boards to get these processes to join up effectively.  A good PMO (Project Management Office) who really understand risk management and organisational context can help by spotting themes to talk to corporate risk managers about.
For the details, it could be that risk management is part of the way the organisation and its projects work and so the board only need to be aware of high impact or strategic level risks.  This can be done by having the responsible manager(s) report into a regular item on the main board agenda where the board has an opportunity to ensure it meets the desired risk profile or that any significant (business critical) risks can be discussed and inform the board’s tactical planning.

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