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The OMP leadership and execution responsibilities rest with the program's Joint Risk Management Board (JRMB), which handles both risks and opportunities, conducting normal business at monthly meetings.
Our most recent focus on risk is our newly formed Risk Management Board, composed of individuals from our various mortgage-related businesses, as well as from the corporate risk function.
Starting in June 2006 soon after the start of the CH-53K development contract, PMA 261's Joint Risk Management Board (JRMB) re-evaluated, strengthened, and documented the organization's risk management approach through a formal risk charter and risk management operating procedures created specifically for the new CH-53K program.