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The Decision Factor offers insightful comments and observations on analytics—from views on new technology approaches and market dynamics to the latest industry trends driving demand for faster, smarter information analysis. This blog contains personal views, thoughts, and opinions from SAP employees, mentors, and friends working in the area of analytics. It’s not endorsed by SAP nor does it constitute an official communication of SAP.

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Myths in Risk Management — Can Risks Be Owned?

Risk

Help Wanted: Risk Owner Position Available

I’d like to consider for a moment the concept of risk ownership. ISO 31000 defines a risk owner as a “person or entity with the accountability and authority to manage a risk.” I’ve seen risk registers listing risk owners, but I don’t think I’ve ever met anybody who proudly proclaimed they were a risk owner.

I have never read a resume with a list of risks owned by a job applicant.

I have never seen a course at any level that offers training on how to be a …