Management of Risk
Risk Healthcheck
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M_o_R Benefits
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;
What is M_o_R?
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.
Management of Risk (M_o_R) Training
Overview
Within project and programme environments there will always be risk which needs to be identified, analysed and managed. Other areas of an organisation will also be exposed to risks as operational functions are carried out. M_o_R provides guidance on how best to deal with this.
The Guide has been written by leading experts for the Office of Government Commerce - owners of the PRINCE2 & MSP Methods. This event is designed to prepare Delegates to manage risk in a controlled and structured way by examining the M_o_R® Guide. Examinations (controlled and marked by the APM Group) are available during the event for delegates who wish to achieve Foundation and Practitioner levels.
Designed for
Any organisation or individual seeing the need for guidance on a controlled approach to identify, analyse and manage risk at strategic, programme, project and operational levels. The course is suitable for all levels of operational Managers, Project & Programme Managers, Risk Managers, Project Support staf and internal audit staff. Managers from other disciplines, particularly those responsible for establishing standards and integration with MSP and PRINCE2 will also benefit.
Course Content
This course is accredited by APM Group against the Foundation and Practitioner level syllabus and includes the following topics.
Overview of Corporate Governance and Management of Risk
Introducing basic concepts and terms, the history, regulatory and legislative background of corporate governance and management of risk, how it works, where and when it is important and how different levels, perspectives, roles and responsibilities can be considered to form a coherent approach.
The Management of Risk Process Lifecycle
Examining how risks and issues are initiated and how they can be managed from start to finish. How and where the management of risk framework can be applied, the iterative nature of the risk management of risk life cycle and how risk responses are formulated at the highest level.
Making it Work and Getting it Right
Looking at tips, tricks and traps in corporate governance and management of risk. Examining critical success factors including ways of ensuring appropriate communication mechanisms are adopted and that risk responses are appropriate and successful.
Frameworks, Tools and Techniques
It is important to select and implement a corporate governance or management of risk framework that works within the organisation and is consistent with its culture. This area provides an overview of the different ways that a framework can be implemented as well as providing a good foundation for understanding the tools, process and techniques that are used in risk management.
Budgets, Finance and Management of Risk
Examining the financial aspects of management of risk, how it should be budgeted, how it fits with financial risk and cost benefit analysis and how it is accounted.
Communicating and Training for Risk, Risk Awareness and Management of Risk
Internal and external communication of risk and benefits is an important aspect of corporate governance and management of risk. This section includes: how a corporate governance communication strategy could be set up, modified or run; how to get buy-in and ownership of risk; what it means to be a risk owner; how to develop staff awareness.
Management, Measurement, Control and Reporting
When correctly applied, corporate governance and management of risk are useful decision support and audit trailing tools. This section covers: the best way to use such tools, as well as how to manage and monitor progress; ways to use the tools to encourage innovation; facilitate auditing; and reporting.
Support Function for the Management of Risk Within a Programme and/or Project
An overview of the extent and level at which corporate governance and management of risk should be applied throughout a programme, project or project office process. Also management of risk for resourcing, tendering and the procurement process; service level agreements and value chains.
BENEFITS
Following the course, Delegates will be able to establish methods and techniques in accordance with the M_o_R Guide. Existing methods such as PRINCE2 and MSP will also be able to integrate with management of risk.
APPROACH
The course will be a mixture of input and practical sessions, delivered by an APM Group approved trainer with practical experience of managing risk and projects. The Foundation exam is taken on the afternoon of the third day and results will be available on the same day. Practical sessions will be on an individual and group basis focusing on the examination on the final day. An exam preparation workshop is held on the fourth day. The Practitioner exam is taken on the morning of day 5 and the exam papers are then sent to APM Group for marking.
Risk Healthcheck
M_o_R Benefits
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;
What is M_o_R?
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.
Management of Risk (M_o_R) Training
Overview
Within project and programme environments there will always be risk which needs to be identified, analysed and managed. Other areas of an organisation will also be exposed to risks as operational functions are carried out. M_o_R provides guidance on how best to deal with this.
The Guide has been written by leading experts for the Office of Government Commerce - owners of the PRINCE2 & MSP Methods. This event is designed to prepare Delegates to manage risk in a controlled and structured way by examining the M_o_R® Guide. Examinations (controlled and marked by the APM Group) are available during the event for delegates who wish to achieve Foundation and Practitioner levels.
Designed for
Any organisation or individual seeing the need for guidance on a controlled approach to identify, analyse and manage risk at strategic, programme, project and operational levels. The course is suitable for all levels of operational Managers, Project & Programme Managers, Risk Managers, Project Support staf and internal audit staff. Managers from other disciplines, particularly those responsible for establishing standards and integration with MSP and PRINCE2 will also benefit.
Course Content
This course is accredited by APM Group against the Foundation and Practitioner level syllabus and includes the following topics.
Overview of Corporate Governance and Management of Risk
Introducing basic concepts and terms, the history, regulatory and legislative background of corporate governance and management of risk, how it works, where and when it is important and how different levels, perspectives, roles and responsibilities can be considered to form a coherent approach.
The Management of Risk Process Lifecycle
Examining how risks and issues are initiated and how they can be managed from start to finish. How and where the management of risk framework can be applied, the iterative nature of the risk management of risk life cycle and how risk responses are formulated at the highest level.
Making it Work and Getting it Right
Looking at tips, tricks and traps in corporate governance and management of risk. Examining critical success factors including ways of ensuring appropriate communication mechanisms are adopted and that risk responses are appropriate and successful.
Frameworks, Tools and Techniques
It is important to select and implement a corporate governance or management of risk framework that works within the organisation and is consistent with its culture. This area provides an overview of the different ways that a framework can be implemented as well as providing a good foundation for understanding the tools, process and techniques that are used in risk management.
Budgets, Finance and Management of Risk
Examining the financial aspects of management of risk, how it should be budgeted, how it fits with financial risk and cost benefit analysis and how it is accounted.
Communicating and Training for Risk, Risk Awareness and Management of Risk
Internal and external communication of risk and benefits is an important aspect of corporate governance and management of risk. This section includes: how a corporate governance communication strategy could be set up, modified or run; how to get buy-in and ownership of risk; what it means to be a risk owner; how to develop staff awareness.
Management, Measurement, Control and Reporting
When correctly applied, corporate governance and management of risk are useful decision support and audit trailing tools. This section covers: the best way to use such tools, as well as how to manage and monitor progress; ways to use the tools to encourage innovation; facilitate auditing; and reporting.
Support Function for the Management of Risk Within a Programme and/or Project
An overview of the extent and level at which corporate governance and management of risk should be applied throughout a programme, project or project office process. Also management of risk for resourcing, tendering and the procurement process; service level agreements and value chains.
BENEFITS
Following the course, Delegates will be able to establish methods and techniques in accordance with the M_o_R Guide. Existing methods such as PRINCE2 and MSP will also be able to integrate with management of risk.
APPROACH
The course will be a mixture of input and practical sessions, delivered by an APM Group approved trainer with practical experience of managing risk and projects. The Foundation exam is taken on the afternoon of the third day and results will be available on the same day. Practical sessions will be on an individual and group basis focusing on the examination on the final day. An exam preparation workshop is held on the fourth day. The Practitioner exam is taken on the morning of day 5 and the exam papers are then sent to APM Group for marking.
