Risk and Opportunity Management: Integral to All Processes
The purpose of the INCOSE Risk Management Working Group (RMWG) is to advance knowledge, common understanding, and quality of practice of risk and opportunity management in the systems engineering community worldwide.
Our mission is to develop value-added technical products and participative activities which help INCOSE members effectively and efficiently implement risk and opportunity management.
Three Meetings: VIEW FLYER for Details. THREE MEETINGS - AT A GLANCE - KEY LINKS (1) Presentation: "Integrated Risk Management for Systems Engineering" Sat 1 Feb, 4pm CES (10am EST) - Triana 4 ADD TO CALENDAR JOIN MEETING LINK (2) Risk Management WG Information & Future Planning Session Sun 2 Feb, 2:30pm CES (8:30am EST) - Andalucia 3 ADD TO CALENDAR JOIN MEETING LINK (3) Multi-WG Forum on Complex Adaptive Systems (CAS) Mon 3 Feb, 3:30pm CES (9:30am EST) - Triana 3 ADD TO CALENDAR JOIN MEETING LINK Three Meetings: VIEW FLYER for Details.
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CAS 2025: REGISTRATION NOW OPEN 2025 Complex Adaptive Systems (CAS) Conference. Conference Location: MIT Campus, Cambridge, Massachusetts, USA. Hosted by MIT-SDM and INCOSE New England Chapter Conference Dates: March 5-7, 2025. LEARN MORE / REGISTER TO ATTEND MDSRM2 Conference Approaching 2nd Annual International Medical Device Safety Risk Management Conference. Conference Location: Amsterdam, The Netherlands. Conference Dates: April 24-25, 2025. Learn More About MDSRM2 Monthly (2nd Thursday) RMWG Volunteer's Meeting Sign-Up Purpose: IW2025 Planning & RMWG Volunteer On-Boarding. Two Meeting Time Options: (1) 6-7am EST. (2) 2-3pm EST. Four Meeting Dates Scheduled: Nov 14, Dec 12, Jan 9 and Feb 13. Register to obtain Zoom "Join" and "Add-to-Calendar" Links Session 1 (6-7am EST) / Session 2 (2-3pm EST)
Jack Stein, Bob Parro, Ann Brown, Laurie Bowman
The RMWG scope includes Risk and Opportunity Management process, methods and tools as they relate to Risk Management within the context of Systems Engineering (SE) throughout the lifecycle.
This framing definition excludes Opportunity Management that would apply to business enterprise or service activities pursued outside the context of Risk Management, and Risk and Opportunity Management outside the context of Systems Engineering (SE)
The INCOSE Risk Management Working Group (RMWG) has openings in the following areas:
The Risk Management WG has planned three (3) hybrid open meetings during IW2025. The third meeting was organized in collaboration with the Systems Adaptability WG and the organizing committee of the upcoming 2025 Complex Adaptive Systems (CAS2025) Conference to be held on campus at MIT, Cambridge, MA, USA, March 5-7, 2025. Details (and a Flyer) for these meeting are posted above on this webpage. In recent years, a number of international and industry standards, guidelines, and handbooks that directly and indirectly impact systems engineering have introduced new and revised sets of principles and practices aimed at accomplishing transformational change and improvement through risk (and opportunity) management. These principles and practices include, for example, the design and implementation of management systems and frameworks for creating a culture and organization-wide mindset of "risk-based thinking," as well as structures for "integrating risk and opportunity management with all organizational processes." The INCOSE Risk Management WG participated in both the development of ISO/IEC/IEEE 16085:2021, "Systems and software engineering — Life cycle processes — Risk management," and the corresponding updates to the 5th Edition of the INCOSE Systems Engineering Handbook, which elaborate on the new principles and practices in the context of systems engineering. In the interest of creating awareness and supporting the implementation of these new principles and practices, the Risk Management WG has decided to focus on the following at IW2025:
Outcomes at IW2025:
Our summary of outcomes for the Risk Management WG activities at the IW2025 will be posted below as the IW2025 unfolds over the upcoming days, Feb 1-4:
Yammer is INCOSE's social media platform for members. Use your INCOSE-issued Microsoft credential to login and join the conversation. INCOSE credentials are in the form of [email protected] or [email protected].