subject: Management Of Risk (mor Training) [print this page] The MoR (Management of Risk Training ) is intended to help organisations put in place an effective framework for taking informed decisions about the risks that affect their performance objectives across all organisational activities, whether these be strategic, programme, project or operational. MoR defines risk as "an uncertain event or set of events which, should it occur, will have an effect on the achievement of objectives. A 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.Effective risk management can bring far-reaching benefits to all organisations, whether large and small, public or private sector. These benefits include:
Better basis for strategy setting
Improved service delivery
Greater competitive advantage
Less time spent fire fighting and fewer unwelcome surprises
Increased likelihood of change initiatives being achieved
Closer internal focus on doing the right things properly
More efficient use of resources
Reduced waste and fraud, and better value for money
Improved innovation
Better management of contingent and maintenance activities
WHICH MoR TRAINING PROVIDER SHOULD I ADHERE???
There are many providers of MoR training, however are all unique in their own way. Some providers offer online MoR training which tends to have lower grades, as there is no interaction with a live trainer. Some providers offer MoR training in a classroom with a trainer, which is undoubtedly the best option. We at The Knowledge Academy recommend the latter methodology and hence have the largest public schedule, allowing delegates to get trained on MoR nationwide, offering the best rate of 1050 for the full 5 day foundation and practitioner course.
