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Risk management
Risk management

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Glossary

BC
business continuity
COSO
The Committee of Sponsoring Organizations (of the Treadway Commission)
ERP
The acronym for Enterprise Resource Planning
FCA
The UK Financial Conduct Authority (responsible for the regulation of financial firms)
FDA
The US Food and Drug Administration
Five Whys
An interrogative technique where the question ‘why?’ is repeatedly asked to help identify the root of a problem or an issue
ISO
The International Organization for Standardization
NGO
The acronym for non-governmental organisation
PERT
The acronym for Programme Evaluation and Review Technique
PESTLE
The acronym for a management brainstorming technique (i.e. what are the Political, Economic, Social, Technological, Legal, Environmental matters relating to an organisation?)
RACI
The acronym for Responsible, Accountable, Consulted and Informed communications processes
SRA
The acronym for Strategic Review Analysis
SWOT
The acronym for a management brainstorming technique (i.e. what are the Strengths, Weaknesses, Opportunities, Threats of, or relating to, an organisation?)