Complete Guide to Risk Management (M_o_R) (PowerPoint PPTX)

DESCRIPTION

This product (Complete Guide to Risk Management [M_o_R]) is a 129-slide PPT PowerPoint presentation (PPTX), which you can download immediately upon purchase.

This document is a 129-slide PowerPoint presentation that provides a Risk Management Overview based on the M_o_R methodology that has been recognized worldwide as the leading Best Practice framework for successful management of Business Risk.

The document is easily customizable, content can be removed (or simply skipped over during presentation), and additional slides can be added to provide more subject depth. There are also plenty of graphics are included in order to provide illustration of key points.

This comprehensive guide covers the framework, tools, and techniques that will allow any organization to take a considered and measured approach towards protecting its business through the reduction of its exposure to risk.

You will learn about Risk Appetite, Risk Capacity, Risk Tolerance, Residual Risk, Consequential Risk, and much more. The M_o_R framework is recognized throughout the world as industry leading practice when considering the adoption of formal Risk Management into an organization.

The framework is built on 4 core concepts of —

1. Principals
2. Approach
3. Process
4. Embedding & Reviewing

— and considers risk through 4 "lenses" or perspectives —

1. Strategic (risk posed to achieving the long-term strategic goals or "future state vision" of the organization)
2. Program (risk posed to the success of medium to long-term transformational change initiatives)
3. Project (risk posed to the success of short to medium term change initiatives)
4. Operational (risk posed to successfully maintaining the "current state" of the business)

Layered across these concepts and perspectives are 8 principals:

1. Aligns with objectives
2. Fits the context
3. Engages stakeholders
4. Provides clear guidance
5. Informs decision-making
6. Facilitates continual improvement
7. Creates a supportive culture
8. Achieves measurable value

For Risk Management to be effective, risks need to be:

•  Identified: Considering uncertainties that would affect the achievement of objectives within the context of a particular organisational activity, and then describing/communicating them in order to ensure a common understanding
•  Assessed: Estimating the probability, impact and proximity of individual risks so they can be prioritized. Understanding the overall level of risk (risk exposure) associated with the organisational activity
•  Controlled: Planning appropriate responses to risks, assigning owners and actionees. Implementing, monitoring and controlling these responses

The framework can be used across all types of business sectors, and can be scaled to suit all sizes. The effective management of risk can make a considerable difference to both an organization's bottom line and in its reputation in terms of how its governance is perceived in the market place in which it operates.

The guide also emphasizes the importance of communication and stakeholder engagement throughout the risk management process. It provides practical steps for embedding risk management into the organizational culture to ensure long-term sustainability.

Source: Best Practices in Risk Management PowerPoint Slides: Complete Guide to Risk Management (M_o_R) PowerPoint (PPTX) Presentation, Dartview Consulting