M_o_R® Combined (Foundation & Practitioner)
Management of Risk (M_o_R®) is the best practise developed by the UK Government. In today’s business environment risk is being put under the spotlight more and more and this intensive course will introduce you to risk at project, programme, business and strategic levels.
Effective management of risk and informed risk-taking helps to improve performance through innovative approaches for managing the business, service delivery and value for money. Risk is often perceived as a negative but this course will show you it can equally be a positive force.
This course is ideal for any staff with risk management responsibilities, in project, programme or operational activities, or who are involved in improving risk management practice in their organisation. Including; Operational; Risk; Business Change Managers and Directors.
As risk is a factor in all organisations, particularly when changes are being introduced, it can be of great benefit if individuals have been exposed to risk management in depth, expanding their awareness of how to identify and deal with risks (both threats and opportunities). This can seep into the culture of the organisation, heightening risk awareness.
M_o_R offers a wide-ranging set of guidelines that will help in the management of risk in a project or programme environment. The course will help prepare the delegate for the Foundation and Practitioner exams. After attending the course, delegates should feel confident in approaching risk management and aware of the use of different techniques that can assist in this task.
Completion of the pre-course workbook and reading. Some previous experience of Risk Management in a working environment is advantageous, this can be from a Project, Programme or Organisational level.
- Identify, assess and report on risks
- Use techniques to achieve the above
- Understand the differences between risk tolerance, risk appetite and risk exposure
- Understand different risk perspectives
- The Introduction gives an overview of MoR, including:
- Introduction to Risk Management
- The MoR Examinations
- The MoR Manual
- The MoR Approach
- MoR Principles are worked through in detail, giving an understanding of the requirements and the benefits of both the:
- Foundation Principles
- Successive Principles
- Policy
- Process
- Strategy and Plans
- Risk Register
- Issue Log
- Embedding and Reviewing the Management of Risk
- Develop an understanding of the four perspectives, and the concept of moving risk between the perspectives.
- Operational
- Project
- Programme
- Strategic
- Risk Management Documents
- Maturity Assessment
- Health Checks
- Risk Specialisms
- Software Tools
The Foundation exam will be sat at the end of Day 3 and is a multiple-choice paper containing 75 questions to be answered in 60 minutes. This is a closed-book examination.
The Practitioner exam is sat at the end of day 5 and is in an objective-testing format, 3 hours in length and contains 4 questions (worth 20 marks each), giving a maximum of 80 marks in the paper. You need to achieve a score of 50% to pass this paper. The exam is an 'open book' examination, the course text is allowed.
Quanta will issue your exam results to you via email, find out more about results timescales here.
15 hours of pre-course preparation is required, along with some evening work during the course. Pre-Course material will be sent to you 4-6 weeks before the start of the course.
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