A MANAGEMENT GUIDE
Risk Management
based on M_O_R
Risk management is the process of identifying and controlling the organisation's exposure to risk. This process should be consistently applied across all sections of the organisation (and partners, where applicable); it should be cost effective and proportionate to the risks being managed.
This publication takes a staged approach to risk management, putting the subject into context and helping to define a framework and policy on the management of risk. It provides a quick yet thorough reference book to risk management in a handy sized format. Using principles, processes and key terms, many of which are consistent with the UK government's Office of Government Commerce (OGC) advice and guidance on risk management, it supplies a best practice approach.