February 2017
Intermediate to advanced
360 pages
7h 52m
English
Content preview from Enterprise Risk and Opportunity Management
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Appendix B
Definitions
- Annual performance indicator
- A desirable outcome within the agency's objectives hierarchy having a time frame of one year or less.
- Continuous risk management
- A specific process for the management of risks associated with implementation of designs, plans, and processes throughout the life of a program or project.
- Cumulative opportunity
- The likelihood and benefit of being able to meet a specified element in the agency's objective hierarchy more satisfactorily than originally planned, or to meet a new goal or objective that better promotes the agency's mission.
- Cumulative risk
- The likelihood of not being able to meet a specified element in the agency's objective hierarchy, and the degree to which the element is not satisfied.
- Enterprise risk and opportunity management
- The methods and processes used by organizations to manage risks and seize opportunities related to the achievement of their objectives.
- Extended enterprise
- A program, project, or coordinated activity that involves multiple partners, or entities, with overlapping responsibilities. In addition to contributing to the same program/project/activity, each partner is an independent enterprise with its own set of strategic objectives and performance requirements.
- Extended organization
- The collection of organizational units that interact with a center. The center's extended organization includes the entities in all the extended enterprises with which the center interacts on program/project planning ...
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