What is M_o_R?

 

In business, each decision involves looking at the up side and the down. Success comes from finding the right balance between opportunity and risk. M_o_R^® takes a best practice approach to risk management and helps you assess your opportunities systematically. It explicitly sets out to help you reach your goals consistently through first analysing and then managing the potential hazards along the way.

What can M_o_R ^® deliver?

The aim of M_o_R^® is to help your organisation make the most of its opportunities, boost performance and realise its strategies. 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 eliminate – or manage – the risks involved in reaching your goals. 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.

 

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