Management of Risk: Guidance for Practitioners 2010
Description
Every organization must find the right balance between opportunities and threats in managing its risks. M_o_R takes a best practice approach, which offers a structured and effective framework for risk management. Its aim is to help organizations to achieve their objectives by first identifying the risks, and then choosing the right response to the threats and opportunities that are created by uncertainty. This publication is invaluable across all organizational activities from strategic, programme, project or operational perspectives.
Key Features
- a standard reference for risk management
- a framework of best practice principles and concepts drawn from latest experiences and proven practice in risk management
- the basis of the examination of individuals to obtain certification to show their level of knowledge and understanding of the content and application of M_o_R.
Note: Project Board to advise on whether material in all the Appendices are intended to be examinable.
New to this version
This is a revision of the second edition of the guide, taking account of:
- recommendations from the Change Advisory Board, having considered issues logged on the Best Management Practice Change Control system
- consultation with the M_o_R Reference Group over these recommendations the Mandate for Change from OGC.
Key issues addressed in this update include:
- improved structure of the guidance
- compatibility with ISO 31000
- a clearer statement of the principles underpinning M_o_R
- better definition of roles, policies, strategies and plans
- new risk specialisms.
