What is M_o_R ® ?
The guidance on Management of Risk from the Office of Government Commerce sets out in a clear and concise way the fundamentals of a best-practice organisational approach to risk management. Project Performance Consulting consultants have been instrumental in development of accredited Foundation and Practitioner training courses in Management of Risk delivered by two of the UK's largest training organisations.
What can M_o_R ® deliver?
The aim of M_o_R® is to help your organisation minimise threat and exploit opportunity, boosting overall business performance and enhancing delivery of shareholder value or value for money . It will help deliver wide-ranging improvements, including:
- Increased certainty and fewer surprises
- Better services
- More effective management of change and greater confidence in innovation
- More efficient use of resources
- Improved decision-making; better management
- Reduced waste and fraud
- Value for money.
How does M_o_R ® work?
M_o_R provides a framework that is tried, tested and effective to help you manage the risks involved in achieving your goals. The guidance stresses a collaborative approach and focuses on ten key elements:
- Developing a framework that is transparent, repeatable and adaptable
- Clearly communicating the policy and its benefits to all staff
- Nominating key individuals in senior management to 'own' risk management initiatives and ensure they move forwards
- Ensuring the culture engages with and supports properly considered risk, including innovation
- Embedding risk management systems in management and applying them consistently
- Ensuring that risk management supports objectives rather than vice versa
- Explicitly assessing the risks involved in working with other organisations
- Adopting a no-blame approach to monitoring and reviewing risk assessment activity.
Who uses M_o_R ® ?
Equally applicable to large and small organisations in the public and private sectors, M_o_R® has been adopted by hundreds of organisations worldwide.
