Management of Risk (MoR®) Foundation & Practitioner - Classroom (exam included)

Management of Risk (M_o_R®) Foundation & Practitioner - Classroom (exam included)

Management of Risk (M_o_R) is a general framework for managing risk in all areas of an organization - strategic, program, project and operational. It includes all activities necessary to identify and control exposure to any type of risk, positive or negative, that may affect the achievement of your organization's business objectives. The bulk of the course consists of ten sessions covering the principles, approach, processes, embedding and review, and perspectives of the Management of Risk guidelines. The course also covers risk health checks, the Management of Risk maturity model and risk management specialties.

Course Description

This is an intensive four-day course that prepares you for the M_o_R Foundation and Practitioner exams. The training is delivered via a virtual training environment. You must ensure that you can meet the technical requirements found here. In addition, while attending your course, there is also evening work for exam preparation.

The purpose of the Foundation qualification is to confirm that you have the necessary knowledge and understanding to contribute to the identification, assessment and control of risk in any organizational perspective. The Practitioner qualification ensures that you have gained sufficient understanding of how to apply and adapt M_o_R in a scenario situation.

Target

• Corporate managers - responsible for corporate governance and the organization's overall exposure to risk
• Program managers - responsible for risks related to specific programs
• Project managers - responsible for managing risk in projects
• Operations managers - responsible for risks affecting the continuity of business services
• All other personnel with an interest in or responsibility for risk management within their organization

Curriculum

M_o_R introduction

• The purpose of the M_o_R Guide
• What is risk management and why is it important?
• Corporate governance and internal control
• Where and when should risk management be applied?
• Risk specialties
• AXELOS best practice guidelines

M_o_R walkthrough

• An overview and introduction to the structure of M_o_R
• An introduction to the principles, approach, processes, embedding and review, and perspectives in the risk management guideline.

M_o_R Principles

• A detailed overview of the 8 principles underlying the M_o_R guidelines

M_o_R Approach

• A look at the documentation that supports the M_o_R approach, including risk management policies, process guide, strategies and so on.

M_o_R Processes

• The 4 main M_o_R processes Identify, Assess, Plan and Implement, along with associated process inputs, outputs, goals, tasks and techniques.

Embed and view M_o_R

• This session looks at changing organizational culture, measuring value and overcoming common barriers to implementing Risk Management, along with identifying opportunities for change.

M_o_R Perspectives

• The M_o_R guideline describes the context of Risk Management from 4 different perspectives. These are Strategic, Program, Project and Operational and this session will look at each of these perspectives in a little more detail.

M_o_R health check & Maturity model

• M_o_R health monitoring tool, its purpose, process and framework
• An introduction to the Management of Risk maturity model, its uses, composition and benefits

M_o_R Specialties

• A look at some risk specialties, including business continuity management, incidents and crises, health and safety, security and financial risks

M_o_R Foundation Exam Technology

• How do you approach the M_o_R exam?

M_o_R exam simulator

• With sample questions in the style of the M_o_R exam and timed to facilitate your preparation.

Practitioner

The Practitioner element of the course follows the Practitioner syllabus and focuses on the application of all areas covered in the M_o_R Foundation course. It offers delegates the opportunity to practice Practitioner style questions in preparation for the Practitioner paper by incorporating the following:

• An overview of the whole M_o_R approach
• Syndicated and individual scenario-based exercises

Exam Information

Foundation exam

• Multiple-choice exam
• Duration 1 hour
• 75 questions (including five test questions)
• 50% success rate (35/70)
• Closed book

Practitioner exam

• Objective examination
• 3 hours duration
• Four questions per exam, 20 points per question available
• 50% passing grade (40/80)
• Open book (details below)
• Candidates can use the book: Management of Risk, Guidance for Practitioners (the Management of Risk 'guide'), along with: ABC Guide Part A Example Techniques guidance document. No materials may be used other than the question booklet, scenario booklet, answer booklet and the two manuals.