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M_o_R®: The Management of Risk
The purpose of Management of Risk Course the Foundation and Practitioner certification is to confirm whether you have sufficient understanding of how to apply and tailor MoR in a scenario situation. You should, with suitable direction, be able to start applying an MoR approach to any organizational perspective but may not be sufficiently skilled to do this appropriately for all situations.
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DAYS
HRS
MIN
19 Jun 2022
5 Days
35 Hours
Included
This course includes:
- Interactive Training Method
- 100+ Practice Questions
- Certified Trainer
- Convenient Delivery Option
- 24/7 Learner Support
- Content Designed by Industry Experts
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19 Jun 2022
5 Days
35 Hours
24 Jul 2022
5 Days
35 Hours
11 Sep 2022
5 Days
35 Hours
30 Oct 2022
5 Days
35 Hours
11 Dec 2022
5 Days
35 Hours
What to Expect From This Course
Who Needs this Course
Delivery Method
Exam Details
What to Expect From This Course
The modern organization is faced with increasing volatility, uncertainty, complexity, and ambiguity. M_o_R (Management of Risk) helps you and your organization identify, assess, and control risk at the strategic, programme, project, and operational levels.
The M_o_R guidance shows you how the principles, processes, and techniques can be embedded, reviewed, and applied to your work practices by considering the nature of the objectives at risk. It allows you to make informed, effective decisions about the use of resources and initiating change.
Foundation
- The Foundation certification will give you sufficient knowledge and understanding to contribute to the identification, assessment and control of risks across the organization, including how the four elements of the M_o_R framework support corporate governance.
- The Foundation certification is also a pre-requisite for the Practitioner
Practitioner
The Practitioner certification allows you to demonstrate you have an understanding of how to apply and tailor M_o_R in a practical context. You should be able to start applying an M_o_R-based risk management approach to any organization challenge.
Who Needs this Course
M_o_R is suitable for any organization or individual seeing the need for guidance on a controlled approach to identification, assessment and control risk at strategic, programme, project and operational perspectives.
The certification is aimed at:
- Business Change Managers
- Programme and Project Managers
- Risk Managers
- Business and Programme and Project Support staff and managers
- Operational staff and managers
- Staff and managers from other disciplines, particularly those responsible for establishing standards and/or integrating them with MoP®portfolio management, MSP® programme management and PRINCE2® project management.
Delivery Method
Online Training
- 5 Days
- Exam Simulation
- Group Activity (Break-out Session) after each lesson
- Practice Test
- Access to additional References – Glossary/ Recommended Reading/ Syllabus
- Material language will be in English
Exam Details
Exam Prerequisite
Foundation:
- None
Practitioner:
To take the M_o_R Practitioner examination, you must hold a current M_o_R Foundation certificate.
Exam Format
Foundation:
- Multiple choice examination questions
- 75 questions per paper
- Five questions are ‘trial questions’ and not counted in scores
- 35 marks required to pass (out of 70 available) - 50%
- 60 minutes’ duration
- Closed book.
Practitioner:
- Objective testing
- Four questions per paper, 20 marks available per question
- 40 marks required to pass (out of 80 available) - 50%
- Three hours’ duration
- Open book exam. Candidates may use the official printed hard copy of the Management of Risk: Guidance for Practitioners guide together with the ABC Guide Part A Example Techniques guidance document is allowed. The manual may be annotated and tabulated but no sticky notes and loose leaf papers containing additional notes will be allowed.
Certifications
You must pass the Management of Risk Course Foundation exam before the Practitioner exam, either on the same day or separately. If you sit the Foundation examination only and pass, you will receive a Foundation examination certificate.
However, if you take both the Foundation and Practitioner exams on the same day, and pass both, you will receive a Practitioner examination certificate only.
Course Outline
- Risk & Risk Management Definitions
- The importance of risk management
- Corporate governance and internal control
- Where and when risk management is applied
- Introduction to Risk Management Principles
- Principle 1: Aligns with objectives
- Principle 2: Fits the context
- Principle 3: Engages stakeholders
- Principle 4: Provides clear guidance
- Principle 5: Informs decision-making
- Principle 6: Facilitates continual improvement
- Principle 7: Creates a supportive culture
- Principle 8: Achieves measurable value
- Introduction to risk management approach
- Risk management policy
- Risk management process guide
- Risk management strategy
- Risk & issue registers
- Risk improvement plan
- Risk communication plan
- Risk progress report
- Relationship between documents
- Introduction to the risk management process
- Common process barriers
- Communication throughout the process
- Step 1: Identify - context
- Step 1: Identity - identify the risks
- Step 2: Assess - estimate
- Step 2: Assess - evaluate
- Step 3: Plan
- Step 4: Implement
- Introduction about embedding & reviewing risk management
- Embedding the principles
- Changing the culture of risk management
- Measuring value
- Overcoming the common barriers to success
- Identifying & establishing opportunities for change
- Introduction about the different perspectives in any organization
- Strategic perspective
- Program perspective
- Project perspective
- Operational perspective
- Achieving measurable value
- Integrating risk management across perspectives
- Roles & Responsibilities
- Risk & Risk Management Definitions
- The importance of risk management
- Corporate governance and internal control
- Where and when risk management is applied
- Introduction to Risk Management Principles
- Principle 1: Aligns with objectives
- Principle 2: Fits the context
- Principle 3: Engages stakeholders
- Principle 4: Provides clear guidance
- Principle 5: Informs decision-making
- Principle 6: Facilitates continual improvement
- Principle 7: Creates a supportive culture
- Principle 8: Achieves measurable value
- Introduction to risk management approach
- Risk management policy
- Risk management process guide
- Risk management strategy
- Risk & issue registers
- Risk improvement plan
- Risk communication plan
- Risk progress report
- Relationship between documents
- Introduction to the risk management process
- Common process barriers
- Communication throughout the process
- Step 1: Identify - context
- Step 1: Identity - identify the risks
- Step 2: Assess - estimate
- Step 2: Assess - evaluate
- Step 3: Plan
- Step 4: Implement
- Introduction about embedding & reviewing risk management
- Embedding the principles
- Changing the culture of risk management
- Measuring value
- Overcoming the common barriers to success
- Identifying & establishing opportunities for change
- Introduction about the different perspectives in any organization
- Strategic perspective
- Program perspective
- Project perspective
- Operational perspective
- Achieving measurable value
- Integrating risk management across perspectives
- Roles & Responsibilities
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