MoR Management of Risk 5 days Foundation & Practitioner

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  1. Risk Management

    (Management of Risk) is part of the Best Practice Guidance portfolio published by the Cabinet Office.
    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.
    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.

    Benefits for Individuals

    • Gain the confidence and ability to influence and shape risk management across an organization.
    • Encourage openness and discuss real business issues in a realistic manner to meet business objectives, improve service delivery and achieve value for money.
    • Put an effective framework in place to make informed decisions about the risks that affect strategic, programme, project and operational objectives.
    • Understand the nature and extent of risks facing a company and reduce the incidence and impact on the business.
    • Continuously apply risk management to an organization and simplify the process of making information available when decisions need to be made
    • Benefits for Organizations
    • increase competitive advantage and become more risk aware by managing potential problems and opportunities.
    • Improve performance through waste and fraud reduction and more efficient use of resources.

    For more information on this course, and details on how to enrol please follow the linkā€¦.

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