PINS S6.13 Risk management policy — project management risk

An insurer's risk management policy for project management risk should include:

(a) a method for the promulgation of project initiatives including:
(i) setting a business case for the project;
(ii) cost-benefit analysis of the project; and
(iii) stakeholder sign-offs;
(b) clearly defined and appropriate levels of delegation of authority;
(c) ongoing monitoring of project objectives and timeframes; and
(d) post-implementation review.
Inserted by QFCRA RM/2013-1 (as from 1st January 2015).