M_o_R (Management of Risk) was first published in 2002 to:
“Help organisations put in place effective frameworks for taking informed decisions about risk”.
This was largely in response to the publication of the Turnbull Report on Corporate Governance.
Then a major refresh of the guide was undertaken in 2007 to reflect the changes in the world of risk management in both the public and private sectors. The 2007 version of M_o_R has received much acclaim and has been adopted by organisations across all sectors in the UK and world wide.
Towards the end of 2009 an interim revision of M_o_R was undertaken and following this review changes were made to the method in order to:
• Provide improved consistency with other Best Management Practice products, such as PRINCE2, Managing Successful Programmes (MSP®) and Portfolio, Programme and Project Offices (P3O®)
• Address issues and inconsistencies raised:
o in the Change Request Log
o by the Reference Group
• Ensure consistency with ISO 31000 (international standard on risk management)
• Redesign content according to Best Management Practice updated style guidelines.