M_o_R® Benefits
Organisations implementing the M_o_R® framework should expect to see some or all of the following benefits:
- Corporate decision making is improved through the effective communication of risk exposure throughout the organisation;
- An open and supportive approach to the identification, analysis and communication of risk;
- Early identification and proactive management of threats to cost, time and performance;
- The needs of corporate governance are met by embedding the M_o_R® processes which provide a clear message and directives;
- There is clear ownership and accountability for risk and its management, so that they are effectively monitored, and proactively manage;
- Financial benefit to the organisation through improved 'value for money' potential and better management of project and programme finance;
- Management of project risk is carried out within the wider context of programmes, thus minimising the risk of individual project failure through greater visibility of the potentail impact of other projects;
- Consistency of approach through high-level monitoring and direction;
- Creation of an environment for the conscious acceptance of business risks on an informed basis;
- Improved contingency and business continuity plans;
- Better awareness in all personnel of the cost and benefit implications of their actions;
