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theknowledgeacademy

MOR: A WIDER PERSPECTIVE ON RISKS

 

The MOR course method provides a broader perspective on risks. It helps an organization recognize and address risks beyond the traditional type of risk usually considered, such as worker safety, tort liability, etc. MOR helps organizations engage everyone in deciding how to meet goals and where to deploy limited resources for the best outcome.

 The MOR course process is now used throughout the world in government and business settings. As to be expected with a widespread process, modifications have been adopted that make it receptive to individual organizations. MOR is flexible and should be adapted to the group using it for best results.

In conventional risk management, risk is defined as a negative outcome such as an injury, car accident, safety violation, audit finding, tort claim, workers compensation claim, lawsuit or other “failure.” MOR course defines risk more broadly as anything that could prevent the attainment of a goal. Risk is also generally understood as: (a) variation, (b) from the objective, (c) over time.

 This change in focus affects how risk is assessed and treated in MOR. It requires an organization to look beyond injury and accident rates to fundamental goals and to assess anything —good or bad, big or small — that could affect achieving goals.

 Successfully assessing and mitigating risk this way needs collaboration. It can’t be done by a risk manager working alone at a desk. Only the people who understand how a program or process works can sensibly and practically know what factors are likely to impact reaching the goal.

The goal of the MOR course is to make clear goals and lessen serious risks to meeting them. MOR is not concerned with looking for people to blame when things go wrong or when goals are not met. Individuals should know their contributions are vital and feel free to discuss potential risks in an open and blame-free environment. MOR works best in an atmosphere where people feel they are working together to attain something important.

In MOR course once the most important risk(s) are identified, the next task is to build up a plan to lessen or “treat” the risk(s). In MOR, you can:

<!--[if !supportLists]-->·         <!--[endif]-->Avoid (usually by discontinuing the activity)

<!--[if !supportLists]-->·         <!--[endif]-->Accept and monitor (this should include setting a threshold to begin treatment)

<!--[if !supportLists]-->·         <!--[endif]-->Reduce the likelihood

<!--[if !supportLists]-->·         <!--[endif]-->Lessen the impact

<!--[if !supportLists]-->·         <!--[endif]-->Transfer (generally through insurance or a contract)

 

MOR course includes the following:

 

<!--[if !supportLists]-->·         <!--[endif]-->Initiate – attain commitment to a sound risk management practice.

<!--[if !supportLists]-->·         <!--[endif]-->Plan – build up the risk management system (plans, processes, and tools) suited to the project or enterprise.

<!--[if !supportLists]-->·         <!--[endif]-->Execute – Install and begin using the risk management system.

<!--[if !supportLists]-->·         <!--[endif]-->Control – Measure and enhance risk management performance.

<!--[if !supportLists]-->·         <!--[endif]-->Close – Celebrate project success, capture lessons learned, and identify requirement for continued facilitation.

 

At the knowledge academy you can choose the course format that best suits your organization’s requirements. It has a variety of training formats available that will get you up and running in no time, helping you coach new users, implement new applications and study how to leverage advanced product functionality

 

 

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