Elements and Performance Criteria
- Direct planning of technical risk management
- Potential, perceived and actual technical risks are directed for identification, documentation and analysis, in consultation with managers and appropriate stakeholders, as the basis for technical risk management planning.
- Risk management methods, techniques and tools are selected and modified for managers to analyse information, evaluate options and determine preferred risk approaches within the overall organisational environment.
- Risk management plans and strategies are directed for development, communication and implementing to ensure clarity of understanding and achievement of business objectives in accordance with technical regulatory framework requirements.
- Technical risk management system is identified, developed and maintained to enable effective management and communication of technical risk activities and outcomes, responses and results to stakeholders.
- Direct management of technical risk and manage technical risk
- Assess technical risk management systems