Risk and Opportunity Management: Integral to All Processes
(RMWG IW meetings are posted in the "IW2024 - Our Focus at the International Workshop" section below).
The purpose of the INCOSE Risk Management Working Group (RMWG) is to advance knowledge, common understanding, and quality of practice of risk and opportunity management in the systems engineering community worldwide.
Our mission is to develop value-added technical products and participative activities which help INCOSE members effectively and efficiently implement risk and opportunity management.
January 2024 Monthly Meeting:Held Tues Jan 16, 2024 "A General Method to Objectively Perform Risk-Benefit Analysis"Presenter: Richard Matt
Jack Stein and Bob Parro
The RMWG scope includes Risk and Opportunity Management process, methods and tools as they relate to Risk Management within the context of Systems Engineering (SE) throughout the lifecycle.
This framing definition excludes Opportunity Management that would apply to business enterprise or service activities pursued outside the context of Risk Management, and Risk and Opportunity Management outside the context of Systems Engineering (SE)
The INCOSE Risk Management Working Group (RMWG) has openings in the following areas:
In recent years, a number of international and industry standards, guidelines, and handbooks that directly and indirectly impact systems engineering have introduced new and revised sets of principles and practices aimed at accomplishing transformational change and improvement through risk (and opportunity) management. These principles and practices include, for example, the design and implementation of management systems and frameworks for creating a culture and organization-wide mindset of "risk-based thinking," as well as structures for "integrating risk and opportunity management with all organizational processes." The INCOSE Risk Management WG participated in both the development of ISO/IEC/IEEE 16085:2021, "Systems and software engineering — Life cycle processes — Risk management," and the corresponding updates to the 5th Edition of the INCOSE Systems Engineering Handbook, which elaborate on the new principles and practices in the context of systems engineering. In the interest of creating awareness and supporting the implementation of these new principles and practices, the Risk Management WG has decided to focus on the following at IW2024:
* NOTE: If you are not registering to attend IW2024 in-person or virtually you can still participate in the above Meetings #1 and #2 virtually by Zoom. Click on the following hyperlinks to access (view/download) the Zoom information for Meetings 1 and 2: Meeting #1 - Zoom Links (PDF file). Meeting #1 - Zoom Links (Word file). Meeting #2 - Zoom Links (PDF file). Meeting #2 - Zoom Links (Word file).
Outcomes at IW2024:
The summary of outcomes for the Risk Management WG activities at the IW2024 were as follows:
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