© Crown copyright 2009 All rights reserved. Material is reproduced with the permission
of the Cabinet Office under delegated authority from the Controller of HMSO.
The PRINCE2 approach
Management of Risk (M_o_R®) principles
PRINCE2®’s approach to the management of risk is based on OGC’s publication Management of Risk: Guidance for Practitioners (2007).
Management of risk is based on a number of risk management principles, of which the following are appropriate within a project context:
- Understand the project’s context
- Involve stakeholders
- Establish clear project objectives
- Develop the project risk management approach
- Report on risks regularly
- Define clear roles and responsibilities
- Establish a support structure and a supportive culture for risk management
- Monitor for early warning indicators
- Establish a review cycle and look for continual improvement.
Risk management is a large area and is covered in depth in ‘The Complete Risk Management package’.
PRINCE2® is a Registered Trade Mark of the Office of Government Commerce in the United Kingdom and other countries.
M_o_R® is a Registered Trade Mark of the Office of Government Commerce in the United Kingdom and other countries.
This product contains EVERYTHING in the publications:
Managing Successful Projects with PRINCE2 - 2005 edition
Managing successful Projects with PRINCE2 – 2009 edition
Directing Projects with PRINCE2.
plus:
The Complete Project Management package.
And much more besides - at a fantastic price.