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Defence Estate Quality Management System (DEQMS) Davis Langdon Certification Services

SDD Risk Management - 4.0 Retire Risk




Decision to retire risk could be made by the RMC (or Subcommittee/ Executive or other committee) Risk Owner must endorse and approve on submission to committee How often will committee meet? For most corporate risks they will remain open For most transient risks (airshow) there will be organic parameters around their closure.

Risk Owner

Risk & Compliance Elements Data Element Data

Off System

  • 4.1 - Identify Risk to be Retired/Closed

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  • 4.2 - Genrate Risk Report

Off System

  • 4.4 - Risk Business Case and SAP Report emailed to Risk Authority

Risk Authority

Risk & Compliance Elements Data Element Data

Off System

  • 4.4 - Reviews proposal to close/retire risk
  • Is Approval Given?SAP Image
    • If NO, 4.5 - Risk Authority emails advice to Risk Owner (Risk Owner proceed with step 4.6)
    • if YES, Risk Owner decides if New Risk will replace this?SAP Image
      • if NO, Risk Owner to proceed to with step 4.13
      • if YES, Risk Owner to proceed with step 4.10

Risk Owners

Risk & Compliance Elements Data Element Data

Off System

  • 4.6 - Risk Owner reviews feedback
  • Is Futher action required to Retire Risk?SAP Image
    • If NO, 4.8 - Risk Owner to email BURM with status of Risk as is (BURM to proceed with step 4.9)
    • if YES, 4.7 - Action taken, Business Case updated and resubmitted (Risk Owner to proceed with step 4.1)
  • 4.10 - Complete RAT, Identify Risk Assossiation
    • 4.11 - Risk Owner to email BURM of the "New Risk" (BURM to procedd with step 4.12)
  • 4.13 - Risk Owner to email BURM (BURM to proceed with step 4.14)

BURM

Risk & Compliance Elements Data Element Data

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  • 4.9 - Update SAP and schedule review
    • Process Now Ends
  • 4.12 - Create Risk Record and Create Associate Risks/Close Existing Risk
    • Process Now Ends
  • 4.14 - Update SAP/Retire Risk
    • Process Now Ends