M_o_R - 20 July 2015 - Vancouver, BC
M_o_R® (Management of Risk) is part of the Best Practice Guidance portfolio published by the Cabinet Office.
M_o_R considers risk from different perspectives within an organization: strategic, programme, project and operational. While it links to other cabinet Office Best Practice, it respects the roles, responsibilities and terminologies used outside the disciplines of programme and project management.
DetailsA risk consists of a combination of the probability of a perceived threat or opportunity occurring and the magnitude of its impact on objectives". With this definition 'threat' is used to describe an uncertain event that could have a negative impact on objectives or benefits; and 'opportunity' is used to describe an uncertain event that could have a favourable impact on objectives or benefits.