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Management of Risk (M_o_R)® Definition

M_o_R (Management of Risk) is a generic framework for the management of risk across all parts of an organisation - strategic, programme, project and operational. It incorporates all the activities required to identify and control the exposure to any type of risk, positive or negative, which may have an impact on the achievement of your organisation's business objectives.

Almost every organisational decision has an upside and a downside involving some degree of risk. Aimed at everyone who has ever made an important decision, M_o_R is a robust yet flexible framework that allows organisations to assess risk accurately time and time again.

M_o_R is intended to help organisations to put in place effective frameworks for taking informed decisions about risk. The guidance provides a route map for risk management, bringing together recommended approaches, checklists and pointers to more detailed sources of advice on tools and techniques.

M_o_R covers a wide range of topics, including business continuity management, security, programme/project risk management and operational service management. These topics are placed in the context of an organisational framework for the management of risk.

Some risk-related topics, such as security, are highly specialised and this guidance provides only an overview of such aspects.

The process of investment appraisal, in which assessments are made of costs, benefits and risks, is outside the scope of this guide. However, many of the principles and techniques described can be used when developing the business case.

M_o_R is part of the Global Best Practice portfolio owned by AXELOS Ltd.

Take a look at our current selection of Management of Risk (M_o_R)® courses.