Risk Management and ROAM

By | October 15, 2019

This nice article on ROAM explains the acronym to be used to manage a risk:.

https://www.linkedin.com/pulse/what-does-mean-own-risk-shawn-yates-csm-spc/

Resolved The risk can be completely or partially avoided. If partial resolution, there is a residual risk
Owned The risk is not fully resolved/accepted/mitigated. Someone is assigned to work on it.
Accepted We accept to take the (residual) risk.
Mitigated Mitigation is what we will do if the risk happens in order to reduce the impact