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M_o_R®:2010
ProfessionalEducationTraining
www.syzygal.com
Innovative solutions
for modern businesses
2
The Management of Risk (M_o_R) framework is
intended to help organisations put in place an ef-
fective framework for risk management. This will help them
make informed decisions about the risks that affect organi-
sational strategic, programme, project and operational
objectives. The framework provides a route map for risk
management, bringing together principles, an approach,
a process with a set of interrelated steps and pointers
to more detailed sources of advice on risk management
techniques and specialisms. It also provides advice on how
these principles, approach and process should be embed-
ded, reviewed and applied differently depending on the
nature of the objectives at risk.
Some risk-taking is inevitable if an organisation is to
achieve its objectives. Those organisations that are more
risk aware appreciate that actively managing not only po-
tential problems (threats) but also potential opportunities
provides them with a competitive advantage.
TAKING AND MANAGING RISK IS THE VERY ESSENCE OF
BUSINESS SURVIVAL AND GROWTH.
Risk has always been an inherent feature in any undertak-
ing therefore risk management is not a new concept for
organisations. It was in the 1960s that risk management
began to be recognised as one of the essential skills re-
quired for management. The nature of risk management,
however, has evolved rapidly over recent decades.
Only in recent years have organisations begun to recognise
that risk management, in its broadest sense, applies to both
negative threats and positive opportunities. In each case a
proactive approach is required, which seeks to understand
the size of the possible threats and opportunities so that a
decision can be made about whether to accept the threat
or opportunity or act upon it in some way. Organisations
implementing the M_o_R framework should expect to see
some or all of the following benefits:
•• Corporate decision making is improved through the
high visibility of risk exposure, both for individual
activities, and major projects, across the whole of the
organisation
•• A progressive management style and a culture of
continuous improvement that is enhanced by the
encouragement of openness in relation to risk
•• The objectives of the organisation and its stakeholders
are more likely to be realised through the early identi-
fication and proactive management of threats to cost,
time and performance
•• The needs of corporate governance are met by em-
bedding the M_o_R processes which provide a clear
message and directives
•• There is clear ownership and accountability for risk
and its management, so that they are effectively moni-
tored, and proactively managed
•• Financial benefit to the organisation through im-
proved‘value for money’potential and better manage-
ment of project and program finance
•• Management of project risk is carried out within the
wider context of program, thus minimising the risk of
individual project failure through greater visibility of
the potential impact of other projects
•• Consistency of approach through high-level monitor-
ing and direction
•• Creation of an environment for the conscious accept-
ance of business risks on an informed basis
•• Improved contingency plans and the organisation’s
business continuity plans
•• Better awareness in all personnel of the cost and ben-
efit implications of their actions
Riskmanagementmadeeasy
3
Yourimprovementpartner
Syzygal delivers class-room based professional train-
ing services and innovative e-learning solutions. All our
training solutions are based on Industry recognised best
practices and include formal certification.
Implementation and management of quality information
technology services that meet the needs of the business,
through an appropriate mix of people, process and infor-
mation technology.
Controlled planning, organisation and motivation of re-
sources over a fixed time to achieve specific project goals
and objectives; typically to bring about beneficial change
or added value.
Syzygal consultants have a wealth of experience working
in all types of organisations; public, private and govern-
ment institutions. Our team are qualified, knowledgeable
and have practical ability with global experience.
Focusing on the performance and risk management of
information technology systems and supporting greater
accountability in decision-making for the best interest of
all stakeholders.
The protection of information and information infrastruc-
ture assets against the risks of loss, misuse, disclosure or
damage; providing controls organisations need to man-
age these risks.
PROFESSIONAL EDUCATION
IT Service Management
Project Management
CONSULTING SERVICES
Enterprise Governance
IT Security Management
4
Whoshouldattendtraining?
Frameworkformanagingrisks
M_o_R is intended to help organisations put in place
an effective framework for risk management. This will
help them make informed decisions about the risks that
affect their strategic, programme, project and operational
objectives. The guide provides a route map for risk
management, bringing together basic concepts, an
approach, a process with a set of interrelated process steps,
and pointers to more detailed sources of advice on risk
management techniques and specialisms. It also provides
advice on how the principles, approach and processes
should be embedded, reviewed and applied differently
depending on the nature of the objectives at risk.
Although there is no mandatory requirement, ideally
candidates should have at least two years experience
working within a Risk Management environment or an
organisation that is currently focusing on developing Risk
Management as a professional practice.
M_o_R training would suit candidates working in the
following professions or areas:
•	 Risk Managers and Risk Management personnel
•	 Senior Project Officers, Project & Program Managers
•	 Development & Planning Managers
•	 Operations & IT Infrastructure Managers
•	 Quality Managers
•	 Business Analysts
•	 Internal and Professional Consultants
•	 Those seeking to integrate with MSP®, PRINCE2® or
ITIL® international best practices
M_o_R PRINCIPLES are high-level and universally applicable
statements that provide guidance to organisations as an
appropriate approach to risk management.
M_o_R APPROACH instructs how the principles should be
adapted and adopted; an organisation’s approach to the
principles needs to be agreed and defined within a risk
management policy, process guide and strategies.
M_o_R PROCESS is divided into four main steps: identify, as-
sess, plan and implement. Each step describes the require-
ments to ensure the overall process is effective.
EMBEDDING & REVIEWING M_o_R ensures that risk manage-
ment is consistently applied across the organisation and
that their application undergoes continual improvement in
order for them to be effective.
5
Syzygal professional
training helps career
focused individuals
differentiate them-
selves and build suc-
cessful careers.
Whatisriskmanagement?
The term‘risk management’refers to the systematic ap-
plication of principles, an approach and a process to the
tasks of identifying and assessing risks, and then planning
and implementing risk responses. this provides a disci-
plined environment for proactive decision-making. For risk
management to be effective, risks need to be:
•	 IDENTIFIED which involves considering uncertainties
that would affect the achievement of objectives within
the context of a particular organisational activity and
ensuring that there is a common understanding.
•	 ASSESSED which involves estimating the probability,
impact and proximity of individual risks so they can be
prioritised, and understanding the overall level of risk
exposure associated with the organisational activity.
•	 CONTROLLED which involves planning appropriate
responses, assigning owners and actionees and imple-
menting, monitoring and controlling these responses.
Every organisation manages its risk in some way, but not
always in a way that is visible, repeatable or consistent, to
support effective decision-making. The task of risk manage-
ment is to ensure that an organisation makes cost-effective
use of a risk management process. The aim is to improve in-
ternal control and support better decision-making through
a good understanding of individual risks and the overall
risk exposure that exists at a particular time.
All organisations, including temporary ones such pro-
grammes or projects, will encounter uncertain events. Each
individual uncertain event that would impact one or more
objectives is known as a risk.‘Threats’are used to describe
uncertain events with a negative impact on objectives
and‘opportunities’are used to describe uncertain events
that would have a positive impact on objectives. Some
risk-taking is inevitable if an organisation is to achieve its
objectives. Taking and managing risk is the very essence of
business survival and growth.
6
THEORY
ABSORB CONSOLIDATE
TEST
TACT
Theory
Delivering focused
knowledge with
innovative methods
Testing
Measurement and
learning through testing
confirmation of
Consolidate
Fun and interesting
learning utilising
interactive methods
Absorb
Placing students in
real-world scenarios
with hands on scope
TACT is Syzygal’s pro-
prietary methodology
for developing courses
and courseware
As part of doctoral research,
Syzygal have developed a unique
approach to developing and
designing professional education
courses and courseware. Rather
than utilising tired and over-used
methods such as working straight
from a syllabus, Syzygal decided to
research the key elements of effec-
tive learning. What we found was
that although dynamic and flexible
delivery methods were essential to
the overall experience for students,
it was the approach to content
formulation and positioning that
was critical to maximising learning
up-take and knowledge retention.
The THEORY of a subject is obvi-
ously critical to success, but ensur-
ing it is positioned in contextual
alignment is the pay-off. We then
ensure students ABSORB the the-
ory by placing them in real-world
scenarios and role-plays, ensuring
the theory connects to practical
application. To support this we
CONSOLIDATE the learning by us-
ing innovative games and exercises
to further develop understanding
and retention. Finally we ensure
TESTING takes place throughout
training events which prepares
the student to take their formal
certification.
TheTACTapproach
7
The foundation of the Syzygal
business model is the spe-
cialisation in the areas of IT Service
Management, IT Security Manage-
ment, Project Management and
Enterprise Governance. Our focus is
on supporting and communicating
world-renowned, industry recognised
frameworks and standards. In doing
so we help our clients develop world-
class, business centric IT Services
and business change environments.
Placed world-wide, we provide in-
novative solutions helping your busi-
ness deliver tangible and measurable
improvements through direct con-
sultancy or training and education
products. Syzygal’s primary business
objectives and goals are to:
•• Educate professionals in leading
industry best practices
•• Help our clients develop real
knowledge and understanding
in core business practices
•• Support the practical implemen-
tation of that knowledge
•• Ultimately help our clients im-
prove their business practices
Our approach is to accept and deliver
only the highest quality in informa-
tion content, materials and delivery
of our courses. We believe that learn-
ing is better achieved by participa-
tion from the student rather than
instruction by the lecturer. Taking
this approach leads to a better overall
experience for the training candi-
dates and achieves a longer lasting
knowledge transfer from the course.
We employ only the best training
resources and ensure they have ap-
plicable, real life experience in their
specialist areas and industry standard
frameworks and methodologies.
Helpandexpertadvice
whenyouneeditmost
Gainingrecognitionasasubjectmatter
expertandmovingyourcareerforward
beginswithdemonstratingyour
knowledgeandexpertise.
ProfessionalEducation
Standoutfromthecrowd
Syzygal Europe
Kemp House
London
Syzygal Arabia
Silicon Oasis
Dubai
www.syzygal.com
info@syzygal.com

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Management of Risk M_o_R Dubai - Syzygal

  • 2. 2 The Management of Risk (M_o_R) framework is intended to help organisations put in place an ef- fective framework for risk management. This will help them make informed decisions about the risks that affect organi- sational strategic, programme, project and operational objectives. The framework provides a route map for risk management, bringing together principles, an approach, a process with a set of interrelated steps and pointers to more detailed sources of advice on risk management techniques and specialisms. It also provides advice on how these principles, approach and process should be embed- ded, reviewed and applied differently depending on the nature of the objectives at risk. Some risk-taking is inevitable if an organisation is to achieve its objectives. Those organisations that are more risk aware appreciate that actively managing not only po- tential problems (threats) but also potential opportunities provides them with a competitive advantage. TAKING AND MANAGING RISK IS THE VERY ESSENCE OF BUSINESS SURVIVAL AND GROWTH. Risk has always been an inherent feature in any undertak- ing therefore risk management is not a new concept for organisations. It was in the 1960s that risk management began to be recognised as one of the essential skills re- quired for management. The nature of risk management, however, has evolved rapidly over recent decades. Only in recent years have organisations begun to recognise that risk management, in its broadest sense, applies to both negative threats and positive opportunities. In each case a proactive approach is required, which seeks to understand the size of the possible threats and opportunities so that a decision can be made about whether to accept the threat or opportunity or act upon it in some way. Organisations implementing the M_o_R framework should expect to see some or all of the following benefits: •• Corporate decision making is improved through the high visibility of risk exposure, both for individual activities, and major projects, across the whole of the organisation •• A progressive management style and a culture of continuous improvement that is enhanced by the encouragement of openness in relation to risk •• The objectives of the organisation and its stakeholders are more likely to be realised through the early identi- fication and proactive management of threats to cost, time and performance •• The needs of corporate governance are met by em- bedding the M_o_R processes which provide a clear message and directives •• There is clear ownership and accountability for risk and its management, so that they are effectively moni- tored, and proactively managed •• Financial benefit to the organisation through im- proved‘value for money’potential and better manage- ment of project and program finance •• Management of project risk is carried out within the wider context of program, thus minimising the risk of individual project failure through greater visibility of the potential impact of other projects •• Consistency of approach through high-level monitor- ing and direction •• Creation of an environment for the conscious accept- ance of business risks on an informed basis •• Improved contingency plans and the organisation’s business continuity plans •• Better awareness in all personnel of the cost and ben- efit implications of their actions Riskmanagementmadeeasy
  • 3. 3 Yourimprovementpartner Syzygal delivers class-room based professional train- ing services and innovative e-learning solutions. All our training solutions are based on Industry recognised best practices and include formal certification. Implementation and management of quality information technology services that meet the needs of the business, through an appropriate mix of people, process and infor- mation technology. Controlled planning, organisation and motivation of re- sources over a fixed time to achieve specific project goals and objectives; typically to bring about beneficial change or added value. Syzygal consultants have a wealth of experience working in all types of organisations; public, private and govern- ment institutions. Our team are qualified, knowledgeable and have practical ability with global experience. Focusing on the performance and risk management of information technology systems and supporting greater accountability in decision-making for the best interest of all stakeholders. The protection of information and information infrastruc- ture assets against the risks of loss, misuse, disclosure or damage; providing controls organisations need to man- age these risks. PROFESSIONAL EDUCATION IT Service Management Project Management CONSULTING SERVICES Enterprise Governance IT Security Management
  • 4. 4 Whoshouldattendtraining? Frameworkformanagingrisks M_o_R is intended to help organisations put in place an effective framework for risk management. This will help them make informed decisions about the risks that affect their strategic, programme, project and operational objectives. The guide provides a route map for risk management, bringing together basic concepts, an approach, a process with a set of interrelated process steps, and pointers to more detailed sources of advice on risk management techniques and specialisms. It also provides advice on how the principles, approach and processes should be embedded, reviewed and applied differently depending on the nature of the objectives at risk. Although there is no mandatory requirement, ideally candidates should have at least two years experience working within a Risk Management environment or an organisation that is currently focusing on developing Risk Management as a professional practice. M_o_R training would suit candidates working in the following professions or areas: • Risk Managers and Risk Management personnel • Senior Project Officers, Project & Program Managers • Development & Planning Managers • Operations & IT Infrastructure Managers • Quality Managers • Business Analysts • Internal and Professional Consultants • Those seeking to integrate with MSP®, PRINCE2® or ITIL® international best practices M_o_R PRINCIPLES are high-level and universally applicable statements that provide guidance to organisations as an appropriate approach to risk management. M_o_R APPROACH instructs how the principles should be adapted and adopted; an organisation’s approach to the principles needs to be agreed and defined within a risk management policy, process guide and strategies. M_o_R PROCESS is divided into four main steps: identify, as- sess, plan and implement. Each step describes the require- ments to ensure the overall process is effective. EMBEDDING & REVIEWING M_o_R ensures that risk manage- ment is consistently applied across the organisation and that their application undergoes continual improvement in order for them to be effective.
  • 5. 5 Syzygal professional training helps career focused individuals differentiate them- selves and build suc- cessful careers. Whatisriskmanagement? The term‘risk management’refers to the systematic ap- plication of principles, an approach and a process to the tasks of identifying and assessing risks, and then planning and implementing risk responses. this provides a disci- plined environment for proactive decision-making. For risk management to be effective, risks need to be: • IDENTIFIED which involves considering uncertainties that would affect the achievement of objectives within the context of a particular organisational activity and ensuring that there is a common understanding. • ASSESSED which involves estimating the probability, impact and proximity of individual risks so they can be prioritised, and understanding the overall level of risk exposure associated with the organisational activity. • CONTROLLED which involves planning appropriate responses, assigning owners and actionees and imple- menting, monitoring and controlling these responses. Every organisation manages its risk in some way, but not always in a way that is visible, repeatable or consistent, to support effective decision-making. The task of risk manage- ment is to ensure that an organisation makes cost-effective use of a risk management process. The aim is to improve in- ternal control and support better decision-making through a good understanding of individual risks and the overall risk exposure that exists at a particular time. All organisations, including temporary ones such pro- grammes or projects, will encounter uncertain events. Each individual uncertain event that would impact one or more objectives is known as a risk.‘Threats’are used to describe uncertain events with a negative impact on objectives and‘opportunities’are used to describe uncertain events that would have a positive impact on objectives. Some risk-taking is inevitable if an organisation is to achieve its objectives. Taking and managing risk is the very essence of business survival and growth.
  • 6. 6 THEORY ABSORB CONSOLIDATE TEST TACT Theory Delivering focused knowledge with innovative methods Testing Measurement and learning through testing confirmation of Consolidate Fun and interesting learning utilising interactive methods Absorb Placing students in real-world scenarios with hands on scope TACT is Syzygal’s pro- prietary methodology for developing courses and courseware As part of doctoral research, Syzygal have developed a unique approach to developing and designing professional education courses and courseware. Rather than utilising tired and over-used methods such as working straight from a syllabus, Syzygal decided to research the key elements of effec- tive learning. What we found was that although dynamic and flexible delivery methods were essential to the overall experience for students, it was the approach to content formulation and positioning that was critical to maximising learning up-take and knowledge retention. The THEORY of a subject is obvi- ously critical to success, but ensur- ing it is positioned in contextual alignment is the pay-off. We then ensure students ABSORB the the- ory by placing them in real-world scenarios and role-plays, ensuring the theory connects to practical application. To support this we CONSOLIDATE the learning by us- ing innovative games and exercises to further develop understanding and retention. Finally we ensure TESTING takes place throughout training events which prepares the student to take their formal certification. TheTACTapproach
  • 7. 7 The foundation of the Syzygal business model is the spe- cialisation in the areas of IT Service Management, IT Security Manage- ment, Project Management and Enterprise Governance. Our focus is on supporting and communicating world-renowned, industry recognised frameworks and standards. In doing so we help our clients develop world- class, business centric IT Services and business change environments. Placed world-wide, we provide in- novative solutions helping your busi- ness deliver tangible and measurable improvements through direct con- sultancy or training and education products. Syzygal’s primary business objectives and goals are to: •• Educate professionals in leading industry best practices •• Help our clients develop real knowledge and understanding in core business practices •• Support the practical implemen- tation of that knowledge •• Ultimately help our clients im- prove their business practices Our approach is to accept and deliver only the highest quality in informa- tion content, materials and delivery of our courses. We believe that learn- ing is better achieved by participa- tion from the student rather than instruction by the lecturer. Taking this approach leads to a better overall experience for the training candi- dates and achieves a longer lasting knowledge transfer from the course. We employ only the best training resources and ensure they have ap- plicable, real life experience in their specialist areas and industry standard frameworks and methodologies. Helpandexpertadvice whenyouneeditmost Gainingrecognitionasasubjectmatter expertandmovingyourcareerforward beginswithdemonstratingyour knowledgeandexpertise.
  • 8. ProfessionalEducation Standoutfromthecrowd Syzygal Europe Kemp House London Syzygal Arabia Silicon Oasis Dubai www.syzygal.com info@syzygal.com