Management of Risk (M_o_R) is a guide and good practice of risk management in all aspects of the organization’s activities: in projects, programs and portfolios, as well as in daily operations.
It promotes a proactive approach to risk so that it is: identified, assessed and controlled. Risk management is essential where the most important critical decisions are made.
Skillful risk management is an effective, in terms of costs, use of a process consisting of well-defined steps. Its ultimate goal is to support the decision-making system thanks to the full awareness of the risks and their potential impact on the organization.