What is M_o_R®?
Management of Risk
The M_o_R® ‘Management of Risk,’ course is targeted at providing a coherent and logical solution to the problem of implementing a risk management framework within an organisation. It is designed to allow you to tailor your approach to risk according to your organisation’s needs.
Since 2002, when the first edition of the UK Government’s OGC (Office of Government Commerce) Management of Risk: Guidance for Practitioners was published, the world of risk management has moved on. High-profile collapses such as Bank of Credit and Commerce International (BCCI), Enron and Worldcom have all provided reason for increased focus on corporate governance.
M_o_R provides a clear and informed framework for the practical development of risk environment for all organisations, be they public and private sector.
The M_o_R® course is designed to demonstrate the importance of cost effective risk management both in the analysis of positive opportunities and negative threats as well as in the practical implementation of risk management within the company structure.
Risk management can help by contributing to:
- Increased certainty and fewer surprises
- Better service delivery
- More effective management of change
- More efficient use of resources
- Better management at all levels through improved decision making
- Reduced waste and fraud, and better value for money
- Management of contingent and maintenance activities.
To achieve its objectives, risk is an inherent part of any organisation’s business. The successful implementation of a M_o_R Framework will allow a business to perceive problems potentially before they have arisen, and to analyse the value of any proposed initiative, and through an understanding of the risks involved, encourage innovation and expansion.
The M_o_R approach complements the OGC’s guidance on project management (PRINCE2) and programme management (MSP).
This course is focused at providing you with an understanding of the OGC’s Management of Risk: Guidance to Practitioners