M_o_R Management of Risk
M_o_R® (Management of Risk) is a generic framework for the management of risk across all parts of an organization - strategic, programme, project and operational. It incorporates all the activities required to identify and control the exposure to any type of risk, positive or negative, which may have an impact on the achievement of your organization's business objectives.
M_o_R® is a Registered Trade Mark of the Office of Government Commerce in the United Kingdom and other countries
The most recent version of M_o_R® is the 3rd edition published in 2010
The core publication of M_o_R consists of the following sections:
- Aligns with objectives
- Fits the context
- Engages stakeholders
- Provides clear guidance
- Informs decision-making
- Facilitates continual improvement
- Creates a supportive culture
- Achieves measurable value
M_o_R is, since the 2010 revision/refresh, closely related to ISO 31000
Managing Successful Programmes (MSP)
PRINCE2 is a process-based approach for project management, providing an easily tailored and scalable project management methodology for the management of all types of projects. The method is the de-facto standard for project management in the UK and is practised worldwide. Prince2 has a long history dating back to 1975.
- 1975: PROMPT II Created
- 1979: PROMPT II introduced as UK Government standard for project management, supported by CCTA
- 1989: PRINCE name adopted
- 1996: PRINCE 2 launched
- 1997: Prince2 Process model added
- 2002: Prince2 3rd edition published
- 2004: Prince2 4th edition published
- 2009: Major revision of Prince2 manual
Prince2 is considered by most a public domain methodology since anyone is allowed to use it freely and anyone can get access to it (for a somewhat reasonable fee to purchase the manual and related documents).
The current (2009) manual is set up as follows:
- Product Description outlines
- Roles and responsibilities
- Product-based planning example
- Health Check (See also our project management checklists)
Proprietary Project Management Methodologies
All these methodologies are either owned/used by a specific organization such as a corporation or a public entity.
Public Domain Project Management Methdologies
Although most so called public domain methodologies are not strictly public domain - there is often a registration mark holder or copy right holder - those that are placed in this category can be freely used and are freely available.