Management of Risk (M_o_R) is a framework for managing risk in organizations. It provides a structured approach to identifying, assessing, and controlling risks to achieve successful outcomes. M_o_R helps organizations make informed decisions about risks and prioritize actions to minimize potential threats.
The framework is based on four core principles:
M_o_R also defines several roles and responsibilities for managing risk within an organization, including risk owners, risk managers, and risk coordinators.
Overall, M_o_R is designed to help organizations proactively manage risks to achieve their objectives and deliver value to stakeholders. It can be applied to a wide range of scenarios, from project management to strategic planning.
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