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Management of Risk (M_o_R)
All managerial levels are required to make informed decisions and understand the possible positive and negative impact on the organization. For effective decision making, it is important for the management and the leaders to know how to implement and communicate certain risk governance measures such as communication of capacity, risk appetite, escalation measures and tolerances related to the risk present in the business environment.
Organizational risk management needs procedures and processes to drive the sustainable culture to measure risk related to and in support of the business objectives. First you need to identity and effectively communicate the business objectives at all angles, strategic, program, project and operational to open the chances of opportunity development and threat management.
Axelos Limited has published the Best Practice Guidance portfolio of which M_o_R (Management of Risk) is a part. M_o_R ponders over organizational risk from several angles: project, operational, strategic and program. While it is related to the other Best Practice programs, it complements the terminologies, roles and responsibilities used outside the program and project management discipline.
M_o_R framework includes:
- Outline of M_o_R definitions and concepts
- M_o_R Principles
- Risk Management approach
- Various perspectives
- Risk Management process- inclusive of several techniques
- Risk Management – incorporation and review
- In-depth study of risk
Note: Students can avail 10% as group discounts