Risk and Opportunity Management: Integral to All Processes
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.
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 IW2023:
With respect to the above described focus and goals for the IS2023, the follow outcomes were achieved:
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