Management of Risk (M_o_R)® Foundation and Practitioner - Exam Included

Our 4-day intensive course provides you with an understanding of the Management of Risk (M_o_R)® methodology, helping you to make informed decisions about risks that affect your strategic, programme, project and operational objectives.

You’ll gain an in-depth understanding of the core concepts of M_o_R® including: Principles, Approaches, Processes and Embedding and Reviewing of management of risks. This course ensures the M_o_R® theory and its importance is embedded in your understanding of M_o_R®, equipping you with the skills and knowledge to apply the M_o_R® Framework throughout the organisation from Strategic, Programme, Project and Operational perspectives.

You’ll gain an understanding of how important M_o_R® is throughout the organisation from Strategic, Programme, Project and Operational perspectives.

By the end of this course, you’ll be equipped with the knowledge and skills to identify, understand and demonstrate your ability to identify, assess, control risks and apply and tailor an M_o_R® approach across any organisational perspective, together with an understanding of the four core concepts of the M_o_R® Framework and how they support corporate governance.

What you’ll learn:

Area 1: M_o_R® Framework

• Benefits of Risk Management
• Difference between a Risk and an Issue
• 4 Key Elements: Principles, Approach, Process and Embedding and Reviewing
• Actions for Effective Risk Management: Identify, Assess, Plan and Implement
• Decision-making Considerations for Long-term, Medium-term and Short-terms Objectives
• Drivers and Influences to Increased Focus on Risk Management, Corporate Governance and Internal Controls
• Applying the M_o_R® Framework to an Organisation and Tailoring the Implementation for a given scenario
• Benefits of implementing or improving Risk Management practice.

Area 2: M_o_R® Principles

• Risk Capacity, Risk Appetite, Risk Tolerance, Key Performance Indicator (KPI), and Early Warning Indicator (EWI)
• Purposes and Outcomes of the 8 Principles: Aligns with Objectives, Fits the Context, Engages Stakeholders, Provides Clear Guidance, Informs Decision-making, Facilitates Continual Improvement, Creates a Supportive Culture, and Achieves Measurable Value
• How the 8 Principles support Corporate Governance and Internal Control
• How the 8 Principles are supported by KPIs, EWIs, Tolerance Threshold, Stakeholder Analysis, Approach Documents, Health Check, Maturity Model, and Lessons Learned respectively
• Link between Risk Tolerance and Escalation
• Understanding of Development and Refinement of Scalable and Context-specific Risk Management Practices.

Area 3: M_o_R® Approach

• Purposes, Relationships and Recommended Contents of the 9 M_o_R® documents: Risk Management Policy, Risk Management Process Guide, Risk Management Strategy, Risk Register, Issue Register, Risk Improvement Plan, Risk Communications Plan, Risk Response Plan, and Risk Process Plan
• Important Concepts of the 3 central Approach Documents: Risk Management Policy, Risk Management Process Guide, and Risk Management Strategy
• Key Components of Risk Register
• Difference between Cause, Event and Effect of a Risk.

Area 4: M_o_R® Processes

• Importance of Risk Management as an Iterative Process
• Definitions of Probability, Impact and Proximity
• Steps and sub-steps of the M_o_R® Processes: Identify (identify context and identify risks), Assess (estimate and evaluate), Plan and Implement
• Understanding of Goals, Inputs, Outputs, Techniques and Tasks
• Creation, Usage and Update of the 9 M_o_R® Documents in the M_o_R® Processes
• Common Process Barriers to Success to Implementing the Risk Management Process
• Differences between Inherent Risk, Secondary Risk and Residual Risk
• Differences and Relationship between Risk Owner and Risk Actionee
• Communications throughout the M_o_R® Process
• Stakeholders and their Importance to the Identification, Assessment and Control of Risk.

Area 5: Embedding and Reviewing

• Definitions and Purposes of Risk Management Health Check and Risk Management Maturity Model
• Purpose and Concepts of Embedding and Reviewing into the Organisational Culture
• Issues related to Embedding and Reviewing Risk Management
• Ways to Measure Value in Implementing Risk Management
• Ways to Overcome Barriers, Obtain and Develop Senior Management Commitment and Support, and Build and Develop a Risk-aware Organisational Culture
• Methods, Actions and Responsibilities for Building and Developing a Risk-aware Organisational Culture.

Area 6: Perspectives

• Purposes of the Strategic, Programme, Project, and Operational Perspectives
• Definitions of Contingency, Enterprise Risk Management, and Central Risk Function
• How the Principles are applied and respective focus of concern for each Perspective
• Risk Management Responsibilities of Senior Team, Senior Manager, Manager, Assurance, Risk Specialist, and the Team
• Purpose of Integrating Risk Management across the Perspective
• Performance and Process Measures of Value enabled by Risk Management
• Application and Tailoring of the M_o_R® Framework to Organisational Perspective.

Area 7: Common Techniques

• Risk Description Technique: Cause, Event, and Effect
• Risk Responses: Avoid, Exploit, Reduce, Enhance, Transfer, Share, Accept and Prepare Contingency Plans
• PESTLE Analysis, SWOT Analysis, and Horizon Scanning
• Stakeholder Analysis, Influence/Interest Matrix, RACI Diagram, and Probability Impact Grid
• Checklist, Prompt List, Risk Breakdown Structure, and Cause and Effect Diagram
• Probability Assessment, Impact Assessment, Proximity Assessment
• Brainstorming, Nominal Group Technique, and Delphi Technique
• Questionnaires and Individual Interviews
• Assumptions Analysis and Constraints Analysis
• Relationship between Probability, Impact and Expected Value
• Expected Value Assessment for Individual Risks
• Summary Expected Value for Organisational Activities
• Monte Carlo Simulation, Sensitivity Analysis, Probability Tree and Decision Tree
• Cost Benefit Analysis, Summary Risk Profile, and Exposure Trends.

Area 8: Risk Specialisms

• Business Continuity Management
• Incident and Crisis Management
• Health and Safety Management
• Security Risk Management
• Financial Risk Management
• Environmental Risk Management
• Reputational Risk Management
• Contract Risk Management.

Exam included

The M_o_R® Foundation and Practitioner course is designed for anyone seeking guidance on a controlled approach to identification, assessment and control risk at strategic, programme, project and operational perspectives.

This Certification is for:

• Business Change Managers
• Programme and Project Managers
• Risk Managers
• Business, 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.
• Professionals who need to know the terminology used and some of the theory behind the practice
• Professionals who plan to achieve the higher level of the M_o_R® Practitioner qualification
• Professionals responsible for identifying, assessing, planning, or managing risks, or reporting on risk management activities across the organisation.

Whether you’re looking to enter the Project Management profession, or are a professional already responsible for risk management, this course will provide you with the necessary skills to implement and manage risks in your organisation.

There are no prerequisites required for this course, although some experience of working in an Operational or Programme, Project environment would be advantageous but not essential.

Delegates must have passed the M_o_R® Foundation exam prior to taking the M_o_R® Practitioner exam.

Please contact us if you have any questions regarding the requirements of this course.

Build your career in Risk Management with the M_o_R® Certification.