Management of Risk (M_o_R) Foundation and Practitioner
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A certain amount of risk taking is inevitable if an organisation is both to achieve objectives and exploit opportunities effectively. The adoption of well managed risk taking is likely to lead to sustainable improvements in service improvement and business growth.
The Framework will allow organisations to perceive potential problems before they either arise or become a threat to achievement.
This course is aimed at Business Managers; Programme and Project Managers; Operational Managers and any other roles within an organisation which need to develop their knowledge and capabilities in the Management of Risk. The course leads to the Registered Practitioner qualification via 2 Examinations. One is 45 minute, 45 question, multiple-choice, closed book and the other is 3.5 hours, essay-style, open book.
Upon completion of this course, delegates will have a greater understanding of the advantages of risk management within an organisation, such as:
- Increased certainty and fewer surprises
- Better service delivery
- More effective management of change
- More efficient use of resources
- Better management at all levels through improved decision making
- Reduced waste and fraud, and better value for money
- Management of contingent and maintenance activities.
Risk forms a part of the everyday running of any business or organisation, therefore, the study of its anticipation and management is relevant for all individuals and organisations wishing to develop their awareness in this area.
A Pre-course reading pack is provided before attendance of this course. It is aimed to provide you the best possible Pre-Course preparation for the examinations as well as a source of reference during the course. These materials are designed to be fully integrated with the M_o_R ® manual providing you with a comprehensive learning package.
This course prepares delegates for the following exam(s):
- The M_o_R ® Foundation Exam is taken on Day Three, and the M_o_R® Practitioner Exam is taken on Day Five of this course.
Exams are included in the course fee.
M_o_R® is a registered trade mark of AXELOS Limited
We work with the following best of breed training partners using our bulk buying power to bring you a wider range of dates, locations and prices.
Introduction to Risk (5 topics)
- What is a risk?
- Why do Risk Management?
- Governance Requirements
- Internal Control
- When to apply Risk Management
M_o_R Principles for example (6 topics)
- Organisational Context and Objectives
- Stakeholder Involvement
- Early Warning Indicators
- Overcoming Objections
- Continual Improvement
M_o_R Approach (3 topics)
- Setting up Risk Management Policies and Processes
- Risk Management Planning
- Using Risk Register and Issue Log
M_o_R Processes (4 topics)
- Identifying Risks
- Analysing Risks
- Planning for Implementation of Countermeasures
M_o_R Embedding and Reviewing Risk Management (6 topics)
- Measuring effectiveness
- Success factors
- Building awareness
- Modifying behaviour towards risks
- Senior Management Buy-in and Commitment
- Roles and Responsibilities
M_o_R Perspectives (4 topics)
There are no specific pre-requisites for this course but delegates will be expected to have experience in Operational or Project management. As a requirement for the exam, please bring a valid photo ID (passport or driving licence) with you for the start of the course. Also, please also bring a non-programmable calculator with you or the course and for use on the exam. If you have a medical condition that you feel may affect your performance in a formal examination (e.g. dyslexia) please contact your Account Manager well in advance of the event. The examining board can make special dispensation for this but need medical evidence and time to organize this. Exam regulations prevent the board-appointed invigilator acting once the training course has started.